20170414

My Position On The House EFCC Recovered $50m In Lagos – Ex-PDP Chairman Mu'azu

MY CONNECTION TO NO. 16 OSBORNE ROAD, IKOYI, LAGOS - Adamu Muazu
My attention has been drawn to 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.