Mr. Andrew Yakubu, the former Group Managing Director of the Nigerian National Petroleum Corporation, has admitted ownership of the sum of about $9.8 million and another £74,000 cash discovered in one of his houses in Kaduna State, EFCC sources have said.

The monies, discovered at Sabon Tasha, a slummy suburb located in the outskirts of Kaduna town, were suspected to be illicit funds and proceeds of money laundering. The house where the money was found was under the custody of one Mr. Bitrus Yakubu, a brother to the former NNPC GMD. But Andrew claimed the money was a gift and is keen to go home on bail.

However, EFCC said yesterday that he will remain in the commission’s custody until investigation into the corruption allegations against him were concluded. The anti-graft agency, it was gathered, is also reviewing certain actions of Andrew when he held sway at the NNPC.

EFCC sources said its investigation of the detainee is far from concluded. A top source said: “The ex-GMD is still in custody, we want him to give us the list of those who gave him the $9.8million as gift.

“We are also considering other clues which we have stumbled upon in the course of this investigation. We will grant him bail as soon as we sort out a few things.

“It is interesting that some prominent Nigerians, including a Senator, have been begging us to release the ex-GMD. But EFCC only complied with the rule of law and not sentiments.”