Former PDP National Chairman Muazu Is Alleged Owner Of Luxury Apartment Where EFCC Seized $38m

Date: 13-04-2017 6:38 am (6 years ago) | Author: Mister Jay Wonder
- at 13-04-2017 06:38 AM (6 years ago)
(m)

Former National Chairman of the Peoples Democratic Party (PDP), Mr. Adamu Muazu is the alleged owner of the Ikoyi, Lagos luxury apartment, where operatives of Economic and Financial Crimes Commission (EFCC) seized about $38m, N23m and £27,000 (all cash) on Wednesday.....

Sources with knowledge of the raid told THEWILL that the funds were seized after a whistleblower leaked the existence of the stashed cash at the Ikoyi luxury residential apartment complex located at 16 Osborne Road, Ikoyi.

Political pundits told THEWILL that Muazu, a former Governor of Bauchi State (1998 – 2007, was beneficiary of huge sums of money from politicians and aspirants, who wanted the PDP ticket ahead of the 2015 general elections.

The EFCC is working on the premise that the monies were mostly siphoned from government coffers by office holders including state governors......


EFCC Statement following the development:

“EFCC Uncovers Another Massive Stash Of Monies In Ikoyi

The whistle blowing policy of the Federal Government is paying off positively as the Economic and Financial Crimes Commission today stormed a residential building in the 7th Floor of a four – bedroom apartment at Osborne Towers located at 16, Osborne road Ikoyi, Lagos, where a humongous find of foreign currencies and Naira notes to the tune of $43.4m, £27,800 and N23.2m was uncovered.


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.

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.

Preliminary findings indicate that the funds are suspected to be proceeds of unlawful activity.

The facility is said to be owned by Osborne Towers Resident Association.

Investigations are ongoing.”


Posted: at 13-04-2017 06:38 AM (6 years ago) | Addicted Hero
- starzx at 13-04-2017 06:46 AM (6 years ago)
(f)
CAN U IMAGINE ALL THIS OUR POLITICIANS WHT AND WHERE THEY KEEP OUR MONEY?!!!!!!! THE COUNTRY IS WITHOUT LIGHT EVERYDAY!! GOD OF ELIJAH WILL START BRINGING U PEOPLE OUT ONE BY ONE ,U PEOPLE WILL NEVER ENJOY ALL THIS MONEY BCOS  THEY ARE STOLEN. U  GO TO PARLIAMENT EVERYDAY TO TELL US U ARE WORKING FOR THE PEOPLE ABI?OK BASTARDS U WILL ALL WRECK.
Posted: at 13-04-2017 06:46 AM (6 years ago) | Upcoming
Reply
- starzx at 13-04-2017 06:50 AM (6 years ago)
(f)
WILL THEY BURN HIM ALIVE NW AS THEY NORMALLY DO IN NIGERIA TO COMMON CRIMINALS THT STEALS  CRAYFISH AND PEPPER? PLZ NIGERIANS REACT TO THIS!!! . THEY Will ALL BE DISCOVERED THIS ARMED RUBBERS WITH BIRO AND PAPERS.!!
Posted: at 13-04-2017 06:50 AM (6 years ago) | Upcoming
Reply
- maxzy277 at 13-04-2017 06:51 AM (6 years ago)
(m)
Just imagine how much of monies this small rat stole, how much will his master " big fish " steals. na Sango go dey strike una one by one
Posted: at 13-04-2017 06:51 AM (6 years ago) | Gistmaniac
Reply
- akinmanchy at 13-04-2017 07:02 AM (6 years ago)
(m)
Now this is a mind blowing amount of money!  Shocked Shocked Shocked


Posted: at 13-04-2017 07:02 AM (6 years ago) | Hero
Reply
- Olamideluv at 13-04-2017 07:22 AM (6 years ago)
(m)
It's well oh!
Posted: at 13-04-2017 07:22 AM (6 years ago) | Newbie
Reply
- Olamideluv at 13-04-2017 07:22 AM (6 years ago)
(m)
It's well oh!
Posted: at 13-04-2017 07:22 AM (6 years ago) | Newbie
Reply
- Olamideluv at 13-04-2017 07:23 AM (6 years ago)
(m)
It's well oh!
Posted: at 13-04-2017 07:23 AM (6 years ago) | Newbie
Reply
- beneno at 13-04-2017 08:03 AM (6 years ago)
(m)
Thief thief people  Roll Eyes Roll Eyes Roll Eyes Roll Eyes
Posted: at 13-04-2017 08:03 AM (6 years ago) | Addicted Hero
Reply
- kaposky at 13-04-2017 08:41 AM (6 years ago)
Online (m)
NAWAOOHH, OIL MONEY THAT COMES FROM THE SOUTH, THE KILLERS IN THE NORTH ARE LOOTING, JUST SMALL TIME, NANI NWA MGBE NTA, ONAGHI ADIGIDE
Posted: at 13-04-2017 08:41 AM (6 years ago) | Gistmaniac
Reply
- Markeve at 13-04-2017 09:11 AM (6 years ago)
(f)
he should face d music yeye politicians.
Posted: at 13-04-2017 09:11 AM (6 years ago) | Gistmaniac
Reply
- gogoman at 13-04-2017 09:56 AM (6 years ago)
Online (m)
NA WA OOOO
Posted: at 13-04-2017 09:56 AM (6 years ago) | Grande Master
Reply
- Blessed75 at 13-04-2017 10:16 AM (6 years ago)
(m)
Aboki people dom finish naija
Posted: at 13-04-2017 10:16 AM (6 years ago) | Gistmaniac
Reply
- morgan1 at 13-04-2017 04:33 PM (6 years ago)
(m)
We know say all of dem na pen robbers,,,,
Posted: at 13-04-2017 04:33 PM (6 years ago) | Hero
Reply
- schmit at 13-04-2017 05:02 PM (6 years ago)
(f)
Thief
Posted: at 13-04-2017 05:02 PM (6 years ago) | Hero
Reply

fire TRENDING GISTS fire

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