A statement signed by the EFCC spokesman, Wilson Uwujaren, revealed that the money was hidden in a fire proof safe, inside a building in Kaduna, allegedly belonging to Mr Yakubu.
The EFCC explained that it conducted a raid on the facility on February 3, 2017, after receiving an intelligence report about suspected proceeds of crime, believed to be hidden in the slums of Sabon Tasha area of Kaduna State.
Meanwhile Mr Yakubu has reported to the EFCC zonal office in Kano where he has admitted ownership of the recovered money, claiming it was a gift.
A source confirmed that he has since been detained by the EFCC to enable him to speak up on how he came about the huge cash; what it was meant for and why.
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