Mu’azu insists he sold building where EFCC found nearly $50 million

Mu’azu insists he sold building where EFCC found nearly $50 million

Adamu Mu’azu, former chairman of the Peoples Democratic Party (PDP),  has admitted that the building where operatives of the Economic and Financial Crimes Commission (EFCC) found $50million, was actually built by him.

Mu’azu had initially disowned the Lagos apartments, where the monies were discovered.

However, in a statement released on Thursday, the former Bauchi Governor insisted that he sold the apartments through established agents and does not know who current occupants.

It reads: “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 developed it using a bank loan I obtained about nine 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”.

Mu’azu also commended the efforts of the federal government in fighting corruption.

“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,” he said.


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