Confusion as intelligence agency claims ownership of N13b Ikoyi money

The dollars found in Osborne apartment Ikoyi house of former PDP chairman, Alhaji Adamu Muazu by the EFCC. The NIA claims ownership of money

The National Intelligence Agency (NIA) is claiming ownership of the $43,449,947, £27,800 and N23, 218,000 seized Wednesday by the Economic and Financial Crimes Commission from Osborne Towers, a luxury residential complex in Ikoyi, Lagos, owned by Mr. Adamu Muazu, a former governor of Bauchi state and ex-National Chairman of the Peoples Democratic Party (PDP).

The NIA is the government security agency tasked with overseeing foreign intelligence and counterintelligence operations in Nigeria.

THEWILL reports that a ranking government official with knowledge of the latest twist to the seizure confirmed that the NIA Director General, Ambassador Ayodele Oke, has been in touch with EFCC’s boss, Ibrahim Magu, to express his displeasure over the raid at the apartment used as one of NIA’s safe houses in Lagos for its clandestine operations.

The official said Magu, whose confirmation as substantive chairman of the agency has been frustrated by the DSS and the Senate, has been under pressure to show President Muhammadu Buhari the billions of naira he told the president during a meeting that the EFCC had recovered under his leadership.

“So he is on a reckless search for monies hence all these strings of raids and seizures within the last one week,” the source who asked not be identified said.

“I can authoritatively tell you that money belongs to the NIA. The DG has come forward to claim it and has informed my office of the development. He is furious with Magu for his agency’s recklessness and for compromising their operations,” the official told THEWILL.

Meanwhile, Justice Muslim Hassan of a Federal High Court in Lagos Thursday ordered the temporary forfeiture of the cash and ordered that the funds be temporarily forfeited to the Federal Government and adjourned till May 5, 2017, for anyone interested in the funds to show up before him to show cause why the money should not be permanently forfeited to the Federal Government.

Mrs. Esther Nnamdi-Ogbue, a former Managing Director, Retail, at the Nigerian National Petroleum Corporation (NNPC), was previously linked to the haul found in an apartment on the 7th floor. She denied ownership of the cash in a statement by her attorney Thursday though admitted residing on the second floor.

Mrs. Nnamdi-Ogbue was invited to the EFCC headquarters in Abuja for questioning on Thursday.

The EFCC has however transported the cash to the vault of the Central Bank of Nigeria in Lagos Island.

Join the conversation


  1. Aloy Reply

    Oke my brother, even if the money belongs to your agency, why will such amount be kept in a private apartment?

  2. Ezekiel Reply

    This Ambassador Ayo delete Oke ought to be in detention by now smoking his ass.

  3. Zealand Reply

    This unintelligent agency.

  4. Otunba Adefehinti Reply

    REVOLUTION..REVOLUTION..REALLY REVOLUTION is all what the ROTTEN COUNTRY needs. let’s make it happen

  5. Otunba Adefehinti Reply

    Holla Nigerian wake up ..the ROTTEN COUNTRY needs a total clean up. REVOLUTION is the answer let us do this GOD will help us..

  6. Comfort Reply

    Why would NIA keep such a huge sum of money inside a building. The DG NIA should be arrested and arraigned. Good job EFCC. Keep catching those thieves – never mind if those jealous senators refuse to confirm your appointment. You don’t need their confirmation to do your job.Nigerians support you!

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