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N13bn Cash: EFCC Raids Ikoyi Flats Of Mu’azu, Others

As part of investigations into the 13 billion Naira found at a flat in Osborne Towers, Ikoyi, Lagos state, the Economic and Financial Crimes Commission … Continue reading N13bn Cash: EFCC Raids Ikoyi Flats Of Mu’azu, Others


As part of investigations into the 13 billion Naira found at a flat in Osborne Towers, Ikoyi, Lagos state, the Economic and Financial Crimes Commission (EFCC) has searched apartments of the immediate past Governor of Anambra State, Peter Obi; and a former Chairman of the Peoples Democratic Party (PDP), Adamu Mu’azu.

Other prominent persons, living in the building, include a former Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mrs Esther Nnamdi-Ogbue, and C.E.O of Ebony Life Television, Mo’ Abudu.

The media aide to Mr Obi, Mr Valentine Obienyem, confirmed this in a statement on Tuesday, noting that all the apartments in the building were searched by the commission.

Sources within the EFCC also confirmed that all the flats were searched including the unoccupied ones.

The anti-graft agency, had on Wednesday last week, busted the apartment, where it recovered huge sums of money in Dollars, Pounds and in Naira. (43 million Dollars, 23 million Naira and another 27,000 Pounds)

The huge discovery is coming days after the EFCC operatives also announced the recovery of some cash at a Bureau de Change operator in Balogun Market, Lagos, following the Federal Government’s new Whistle-Blowing policy.

Meanwhile, reactions have continued to trail the ownership of the recovered funds.

A legal practitioner, Mr Isaac Anumudu, speaking on Channels Television’s breakfast show, Sunrise daily, called on the EFCC to reveal the identities of the owners of all the moneys being discovered by the Commission.

Another Legal Practitioner, Femi Falana (SAN), also reacting to the matter, noted that with the increasing cases of cash hauls, Nigeria is being exposed to unprecedented ridicule before the committee of nations.