SHOCKING! Over $50m Found In Ikoyi Residence of Former PDP Chairman

Thursday, April 13, 2017 0


If you bother to do your calculation, over $50M is over N15B. This amount was discovered by EFCC in a residence in Ikoyi, Lagos, said to belong to one ex-PDP chairman.

Read the full story as reported:
Following the discovery of $50 million in a residential building located at Osborne Towers, Ikoyi, Lagos, by the Economic Financial Crime and Commission (EFCC), a source close to the anti-graft agency has told SaharaReporters that the building belongs to Ahmadu Adamu Mu'azu, a former National Chairman of the People’s Democratic Party (PDP).

Also See: FG Charges Supreme Court Justice With Money Laundering, Age Falsification


Mu’azu was also the governor of Bauchi State in Nigeria between 1999 and 2007.

Sources close to Mu’azu have confirmed to SaharaReporters that the former PDP chairman owns the building, the newsoutlet claims.

While in Lagos, he lives 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.

Also See: Femi Fani-Kayode re-arraigned for alleged N100m money laundering

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 yesterday 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. 

Also See: See How Dokpesi was Paid N2.1bn in Three Months For 2015 PDP Presidential Campaign

The operation leading to the discovery was followed by a whistle blower's confidential alert received by the Commission this morning.

Sahara Reporters

Category: Nigeria National News

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