Sacked NNPC MD, Operations Owns The $43.4m, £27,800 and N23.2m Found By EFCC in Ikoyi.


Sources on Wednesday revealed that the $43.4m, £27,800 and N23.2m uncovered in a residential building located at Osborne Towers, Ikoyi, by the Economic and Financial Crime Commission (EFCC) belongs to the sacked Managing Director, Operations at the Nigeria National Petroleum Corporation (NNPC), the MD Operations was sacked alongside other three top Managing Directors at the NNPC over the ‘missing’ petrol scandal involving Capital Oil & Gas Nigeria Limited owned by businessman, Ifeanyi Ubah.
The source also reports that the cook who served sacked MD Operations, absconded with cash and pieces of jewelry worth $6million in 2016.
The cook, Mr. Gabel, a national of Benin Republic, took off with the loot in a Toyota Camry car, which also belonged to the boss.
The operation leading to the discovery was followed by a whistle blower’s
On getting to the building, operatives met the entrance door locked. Guards at the gate explained that nobody resides in the apartment, but some persons come in and out once in a while.
In compliance with the magisterial order contained in the warrant, the EFCC used minimum force to gain entrance into the apartment, the agency said.
Monies were found in two of the four-bedroom apartment. A further search of the wardrobe by operatives in one of the rooms was found to be warehousing three fireproof cabinets disguisedly hidden behind wooden panels of the wardrobe. Upon assessing the content of the cabinets, neatly arranged were US dollars, British pound sterling, and some naira notes in sealed wrappers.
Preliminary findings indicate that the funds are suspected to be proceeds of unlawful activity. Investigations are ongoing.


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