A former National Chairman of the Peoples Democratic Party, Alhaji Adamu Mua’zu, has explained his connection to the property where different currencies amounting to about N15 billion was uncovered in Lagos on Wednesday.
The Economic and Financial Crimes Commission had on Wednesday unearthed in cash N23.2 million, $43.2 million and £27,800 in an apartment at 16, Osborne Road, Ikoyi, Lagos.
Mua’zu, in an email to The Eagle Online, said though he built the property, he had sold it as individual flats to the present owners.
He said as an estate developer, he had built many of such properties.
He said he took a loan to construct the property.
Mua’zu, a former Governor of Bauchi State, said in the email: “My attention has been drawn to the news making the rounds that I own the building on No.16 Osborne Road, Ikoyi, Lagos. I want to state clearly that I built the said property and sold to prospective buyers of individual flats.
“I have been a property developer since 1983 and I have developed and sold several properties all over the world, the property in question happens to be one of them. I acquired the land and jointly develop it using a bank loan, I obtained about nine (9) years ago.
“However all the flats have been sold to prospective buyers in order to pay back the loan. I do not own or occupy any of the apartments. I sold all the apartments through established estate agents as such I have no knowledge or interest in who purchases or rents any of the flats.
“I commend the efforts of the official of the EFCC and the government’s drive at fighting corruption and also the media in informing the public on illicit and corrupt proceeds. My response is not intended to jeopardise or interfere with the ongoing investigation of the anti graft and security agencies but to clear the misconception that the house in question belongs to me. I strongly believe that the efforts being made will surely unveil the real owner of such flat and the monies recovered.”
Trending
- Transcorp Power appoints Non-Executive Directors
- Troops neutralise 192 terrorists, apprehend 341 others in one week – DHQ
- Why we sacked coach Paul Offor – Sporting Lagos FC Chair
- JUTH records first set of IVF quadruplets
- Victor Boniface: From military barracks to Bundesliga glory, by Kayode Adebiyi
- GOtv Boxing Night 31: Abimbola targets N1m cash prize
- Police arrest driver for alleged unlawful possession of pistols
- Navigating boss-subordinate relationship, by Kenechukwu Aguolu