April 17, 2017

Panic as Presidency Probes Ownership of The Ikoyi Billions

There are strong indications that President Muhammadu Buhari may have ordered an independent investigation into the recovery of an estimated N13billion from a private residence in Ikoyi, Lagos, by the EFCC. 
Inside sources disclosed that the confusion over the ownership of the huge cash haul is a source of embarrassment to President Buhari, whose commitment to the anti-graft war is sacrosanct. Many Nigerians are waiting with bated breath for the EFCC to reveal the identity of the owner of the recovered money.

However, Telegraph gathered that Buhari had vowed to get to the root of the matter, to preserve his cherished war against corruption.

According to a source, who pleaded anonymity, anybody found to have breached financial laws will be appropriately sanctioned. He said: “In the face of the recovery and subsequent claims out there, the President views this very seriously. In fact, I can tell you that efforts are on to get to the root of this scandal.

Now, it is pertinent to unravel what such huge sums of both local and foreign currencies – public or private funds – will be doing in a private residence.

“Monies are kept in Bank Accounts operated by Ministries, Departments and Agencies (MDAs). Nonetheless, there might be exceptions, no doubt, but that will soon be resolved.”