Revealed: Ikoyi Home Where $43.4m, N23.2m, £27,800 Was Found Belongs to Ex-PDP Chairman, Muazu

It has been revealed that former Chairman, Peoples Democratic Party (PDP), Alhaji Adamu Muazu is the owner of the residential building at Osborne Towers, Ikoyi, Lagos, where $43.4m, N23.2m, £27,800 was discovered by the Economic and Financial Crimes Commission (EFCC) on Wednesday.
The total money in local currency is about N13bn at the current exchange rate.
A source close to the EFCC told newsmen that the building belongs to Muazu who was also the Governor of Bauchi State between 1999 and 2007.
Sources close to Mu’azu confirmed that the former PDP Chairman owns the building.
While in Lagos, he lived on the penthouse on the building, a source said.
Other residents of the house are former Chief of Air Staff, Adesola Amosu, Esther Nnamdi-Ogbue, a former Managing Director at the Nigeria National Petroleum Corporation (NNPC) and Godwin Obla, a senior lawyer and former prosecutor to EFCC.
Obla was recently arrested and charged in connection with irregular payments to Justice Rita Ofili-Ajumugobia, one of the judges also arrested and undergoing trial in the ongoing probe of corruption in the judicial sector, while Ogbue was one of the NNPC senior officials fired in connection with Ifeanyi Uba’s crude oil sale scandal.
Recently, Obla’s son got married to Esther Nnamdi-Ogbue’s daughter in Lagos.
The breakdown of the money found in the house is $43.4m, £27,800 and N23.2m.
The operation leading to the discovery was followed by a whistle blower’s confidential alert received by the Commission on Wednesday.
The operation followed a confidential information received by the Commission’s Lagos office regarding some suspicious movement of bags in and out of a particular apartment in the building.
Another source who is conversant with the apartment indicated that a woman usually appeared on different occasions with ‘Ghana Must Go’ bags, the EFCC said.
“She comes looking haggard, with dirty clothes but her skin didn’t quite match her outward appearance, perhaps a disguise”, the source said.
On getting to the building, operatives who were armed with a search warrant, met the entrance door locked. The guards at the gate explained that nobody resides in the apartment, but some persons come in and out once in a while. The EFCC operatives used minimum force to enter the apartment, the statement said.
Monies were found in two of the four bedroom apartment. Further probe of the wardrobe by operatives in one of the rooms, yielded three fire proof cabinets hidden behind wooden panels of the wardrobe. Upon assessing the content of the cabinets, neatly arranged US Dollars, Pound Sterling and some Naira notes in sealed wrappers were found.
The funds are suspected to be proceeds of unlawful activity while investigations are ongoing‎, the EFCC said.

Author: News Editor

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