I sold the building where EFCC discovered $50m to buyers – Muazu

by Dolapo Adelana

A former chairman of the Peoples Democratic Party, Adamu Mu’azu says the building where operatives of the Economic and Financial Crimes Commission (EFCC) discovered monies to the tune of $50m was actually built by him.

In a statement Thursday, the former Bauchi governor said he built the apartment from her loan facility he got from a commercial bank nine years ago.

He said he had no knowledge of the occupants of the building as he sold the apartments through established agents.

[Read Also:] Ex-PDP chair, Adamu Muazu reportedly owns house where EFCC discovered over $50m

The statement said, “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.”

[Read Also:] “I don’t own any house in Ikoyi” | Mu’azu disowns apartment where EFCC discovered over $50m

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

He said, “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.”

Comments (2)

  1. Who of them will say is the one that use the lost knife……..their is God oooo

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