Adamu Muazu Opens Up On Discovered Cash

    Former Chairman of the Peoples Democratic Party (PDP), AhmaduAdamu Mu’azu has denied ownership of foreign currencies discovered by theEconomic and Financial Crimes Commission (EFCC) in Ikoyi, Lagos.
    In a statement he personally signed and made available by mail on Friday morning, he said that though the property in question was developed by him, he has since sold all the flats out.
    “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 queation 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,” the statement said.
    “However all the flats have been sold to prospective buyers inorder 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,” he added.
    He commended the efforts of the officials 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 stated.


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