Adamu Muazu former chairman of the People’s Democratic Party,has admitted ownership of No 16 Osborne Road in Ikoyi, Lagos where the
Economic and Financial Crimes Commission discovered a huge sum of raw cash in foreign and local denominations.
The EFCC is yet to officially reveal the owner of the money. However, a senior source at the anti-corruption agency said that the cash possibly belonged to Esther Nnamdi-Ogbue, an erstwhile director of retail at the Nigeria National Petroleum Corporation (NNPC).
Ms. Nnamdi-Ogbue was sacked three days ago over a scandal involving the illegal sale of 130 million liters of gasoline belonging to the NNPC.
An EFCC investigator claimed that the fired NNPC executive colluded with a controversial oil marketer, Ifeanyi Ubah, to enable the latter’s Capital Oil Company to sell the NNPC gasoline.
Mr. Ubah is currently under detention in Abuja by agents of the Department of State Security (DSS).
However, Ms. Ogbue denied ownership of the funds but claimed that the owners were well known.
One source stated that the apartment where the hoard of cash was discovered belonged to one of the daughters of a top PDP official, Anthony Anenih.
However, Mr. Muazu through his UK-based aide, Akin Oyegoke, admitted that he built the house and began selling apartment in units to buyers.
He also claimed that the building still has some empty apartments yet to be sold.
He also admitted that he reserved the penthouse at the building for his personal use.
