Ex-Governor Adamu Muazu of Bauchi State and former National Chairman of PDP is in trouble. Sources said the politician is the owner of the building where the Economic and Financial Crimes Commission (EFCC) operatives stormed the 7th floor of a four-bedroom apartment at Osborne Towers located at 16 Osborne Road, Ikoyi, Lagos and recovered $43.4m, £27,800 and N23.2m. The total cash when converted using the current rate of the Central Bank of Nigeria amounts to N11,661,314,000.
The identity of the owner of the funds had yet to be ascertained as of press time but the recovery was made due to information from a whistle-blower. In line with the whistleblower policy of the Federal Government, the whistleblower is expected to receive nothing less than N500m as a reward.
A source at the EFCC said, “We received a tip-off from a whistleblower regarding the existence of a huge sum of cash in an apartment in Osborne Towers, Ikoyi. We were overwhelmed to see such a huge sum of money. We had to quickly notify officials of the Central Bank of Nigeria to come with counting machines.”
“We have been counting the money all day and everything will be transferred to the CBN this night because we don’t have a vault that can store such a huge sum of money. I can tell you that the whistleblower policy is one of the best things the Federal Government has ever done to help the fight against corruption.”