The Economic and Financial Crimes Commission has formally charged Andrew Yakubu, the former group managing director of the Nigerian National Petroleum Corporation, with asset concealment and money laundering.

The six count charge was contained in court papers filed on 9 March at the Federal High Court Abuja.

The EFCC had in February found about $9.8m and 74,000 pounds kept in a seedy bungalow in Tabon Tasha in Kaduna. The money belonged to Yakubu.

Despite the national outrage over the discovery, Yakubu is pursuing a case in court against the EFCC, claiming the money was a gift. The EFCC is also contesting the jurisdiction of the court to hear the case.

Part of the charges include that Yakubu failed to make full disclosure of the recovered sums of money in the Assets Declaration Form he filled for the EFCC in August 2015.

He was also charged with money laundering for receiving the said sum  ($9,772,800) without going through financial institution as required by law.