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I built and sold the property – Ex PDP Chairman Adamu Muazu on Alleged Ownership of Ikoyi Apartment Where EFCC Recovered Millions of Dollars



Adamu Muazu. Photo Credit: Facebook

Former Bauchi Governor and ex Chairman of the People’s Democratic Party (PDP), Adamu Muazu, has released a statement on his “connection to No. 16 Osborne Road, Ikoyi, Lagos” where $43.4m, £27,800, and N23.2m were found in one of the apartments.

Muazu made this known via his Twitter and Facebook Pages. He wrote:

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 develop it using a bank loan, I obtained about nine (9) 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.

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.

Muazu had in an earlier statement said:

It must be placed on record that H.E Ahmadu Adamu Mu’azu even before he assumed office as the democratically elected governor of Bauchi State, was a successful businessman with vast investments in property. How many of these change agents and emergency social commentators were landlords before they held government offices in 1999?

It is important also to note, that in a separate publication, the ‘owner’ of the ‘discovered ‘ money has been revealed and that person is not H.E Alhaji Ahmed Adamu Mu’azu.

H.E Alhaji Ahmed Adamu Mu’azu is not a ‘professional politician’ and does not nurse an insatiable hunger for power. His exploits as Executive Governor of Bauchi State are well documented ( including before and after pictures) in his book ‘My tenure report’ where he gives account for his stewardship to the good people of Bauchi State. Indeed Mu’azu is a living legend, haven transformed Bauchi State, from its semi rural state. It is on record that for a state with revenue less than what accrues to a local government in Lagos State, all road construction was executed by Julius Berger under his watch. His feat in rural electrification remains unequalled even today. In health care delivery, education and agriculture,and infrastructural development his records are there to be seen. Ahmed Adamu Mu’azu goes down in history as the architect of modern day Bauchi State.

It is therefore no surprise, that some disgruntled elements, in anticipation of Muazu’s future political aspirations, could not resist the temptation of attempting to malign his good name in the slanderous press releases of yesterday.

As Chairman of The PDP, Alhaji Ahmadu Mu’azu, in the buildup to the 2015 elections refused to go into the pigsty with the then opposition apc as they engaged in the most divisive campaigns in Nigerian political history. Alhaji Mu’azu has proved to be a most honorable man, urbane, cosmopolitan,eminently qualified,a man with clear vision, impeccable taste, a detribalized Nigerian, who is not a religious bigot. Alhaji Muazu is a bridge builder and a game changer.

Photo Credit: Facebook



    April 13, 2017 at 9:33 pm

    Money: DENIED
    house: DENIED

  2. Authentic Sunshine

    April 13, 2017 at 10:09 pm

    It isn’t me, it isn’t me, it isn’t my pocket. One of you has taken it and put it in my pocket it’s you.
    Let the game begin. Theiving retards. How do you steal so much so that you have disposable loot running in millions.

  3. Tee

    April 13, 2017 at 10:15 pm

    @house denied, seriously???? So your landlord or property agent now have to pay for their tenants crime. You people always look for ways to deviate. No be today una don dey change mouth. Thought it was APC propaganda and Dead brain PMB lies. We sidon dey watch as they unravel the flat owner not property owner.

    • Seriously

      April 14, 2017 at 3:33 am

      So, this guy is unaware of who he sold his own property to? Why you lying !!!!
      I’m so done with the foolishness and games these men play. Nigerians are allergic to Accountability, but shift of blame, in denial and excuses are their strongest things.

  4. blackbeatle

    April 13, 2017 at 10:47 pm

    he may be saying the truth


    April 13, 2017 at 11:33 pm

    Who are the estate agents na! Cos they will have records! It is owner of property that we are searching for with torchlight like this! And if they are respectable as you claimed, as he’s released his statement, they release theirs before they find them

  6. Mrs P

    April 13, 2017 at 11:49 pm

    Oga keep kwayeeet!!!!!!!
    All you people do is steal and lie, claiming you were rich before you joined politics, ehen! so what! most of you were rich but you it didnt stop you from stealing more than those who werent even “rich”
    There is nothing to clarify, you built the house and sold it period.
    Why are you trying so hard to convince us that you are a saint who was building houses B.C!! Imagine the epistle!

  7. Ottawa Queen

    April 14, 2017 at 3:40 pm

    I believe he isnt’t the owner of the money but if he sold the apartments through estate agents, then he should know who bought each apartment.

  8. Beeee

    April 16, 2017 at 7:03 pm

    FG should make an application to court for forfeiture and seize the house since it is being used for crime and immediately bulldoze same revoking the c of o. The owner will come out

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