$50M Scandal: Ex PDP Chairman, Mu'azu Releases Statement On Ikoyi House

The former PDP Chairman's aide Mu'azu has released an official statement owing to the recent EFCC exploits over one of his properties in Osborne Estate - Ikoyi. 

It will be recalled that two days ago, Economic and Financial Crime Commission via a tip off by a whistle-blower, recovered around $50 million with other currencies. But Mu'azu has however denied any involvement with the money.

See official statement by Mu'azu below..


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.

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.

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.
$50M Scandal: Ex PDP Chairman, Mu'azu Releases Statement On Ikoyi House $50M Scandal: Ex PDP Chairman, Mu'azu Releases Statement On Ikoyi House Reviewed by Exlink Lodge on Friday, April 14, 2017 Rating: 5

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