EFCC: Billions Recovered in Ikoyi Apartment

Following the reports of recovery of a huge cache of money in an Ikoyi Apartment in Lagos, the  running into billions of naira but mostly in foreign currencies, the days it has identified the owner of the apartment.

According to reports,  the Ikoyi apartment $43.4m, £27,800 and N23.2m by the anti-corruption agency has been linked to a former governor of Bauchi state under the platform of the PDP.

According to the reports, Ahmadu Adamu Mu'azu who was also chairman of the PDP has allegedly been named as owner of Ikoyi apartment where EFCC uncovered huge cash.

The anti-graft agency said preliminary investigation showed that the funds recovered were proceeds of corruption in an operation which was the result of the whistle-blower initiative of the federal government.

NAIJ.com had earlier reported that a sting operation by the anti-graft agency on Wednesday, April 12 in a residential building in the 7th Floor of a four - bedroom apartment at Osborne Towers located at 16, Osborne road Ikoyi, led to the recovery of huge cash in different currencies.

Further reports revealed that Bankers were brought in with their counting machines and the total amount was put at $43.4m, £27,800 and N23.2m.

The Ikoyi apartment where the money was recovered.

According to Sahara Reporters, an EFCC source said the house was owned by Mu’azu who is the former governor of Bauchi state.

Sources close to the PDP chieftain also confirmed that he owned the building as other occupants include 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.

It will be recalled that Obla was recently arrested and charged in connection with irregular payments to Justice Rita Ofili-Ajumugobia who is one of the judges also arrested in the ongoing corruption scandal in the judicial sector.

Ogbue was one of the top EFCC official sacked on Tuesday, April 11 over crude oil sale scandal.

According to the EFCC, "the operation followed a whistle blower's confidential alert received by the Commission's Lagos office this morning regarding some noticed suspicious movement of bags in and out of a particular apartment in the building. According to the source, the movers of the bags, make believe that they bring in bags of clothes.

"Another source who is conversant with the apartment of interest indicated that some woman usually appeared on different occassion with Ghana Must Go bags. " She comes looking haggard, with dirty clothes but her skin didn't quite match her outward appearance, perhaps a disguise", the source said.


Bankers were brought it to assist with counting the monies

READ ALSO: EFCC recovers huge cash stashed in Ikoyi apartment

"On getting to the building, operatives met the entrance door locked. Inquiries from the 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.

"Monies were found in two of the four bedroom apartment. Further probe of the wardrobe by operatives in one of the rooms, was found to be warehousing three fire proof cabinets disguisedly 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."