The controversy surrounding the ownership of the N13bn ($43.4m, N23m and £27,000) found by the Economic and Financial Crimes Commission at the Osborne
The controversy surrounding the ownership of the N13bn ($43.4m, N23m and £27,000) found by the Economic and Financial Crimes Commission at the Osborne Towers, Ikoyi, Lagos, took a dramatic turn on Friday evening when Governor Nyesom Wike of Rivers State and the National Intelligence Agency claimed ownership of the money. The National Intelligence Agency on Friday said the money belonged to it and had written a formal letter to President Muhammadu Buhari to claim ownership of the money.
The NIA, which is Nigeria’s foreign intelligence service, explained that the money, which was found on the seventh floor of the building, was approved by former President Goodluck Jonathan for covert operations and security projects covering a period of years. The money was said to have been released in bits during the tenure of a former NIA director-general. A source said the cash was approved before the advent of the Treasury Single Account.
He stated that the Director-General of the NIA, Amb. Ayo Oke; the EFCC Chairman, Mr. Ibrahim Magu; and the National Security Adviser, Babagana Moguno, had met over the issue. A Presidency source also confirmed the meeting. The NIA source explained that when EFCC operatives stormed the Ikoyi property on Wednesday, they were informed that the said apartment was a safe house of the NIA from which discreet operations were carried out.
The EFCC boss, however, rejected all entreaties from the NIA and entered the building, breaking the fireproof safes and taking the money. The DG has met with the President, he has explained everything to him. The President asked him to put everything into writing and he has done so.
But Wike, who described the claim that the cash belonged to the NIA as balderdash, alleged that the immediate past governor of the state and the current Minister of Transportation, Mr. Rotimi Amaechi, kept the money in the apartment. As such, the Rivers State governor gave the Federal Government a seven-day ultimatum to return the money to the state government or be ready to face legal action. Governor Wike said the $43m was part of the proceeds from the sale of a gas turbine by the immediate past administration, adding that the gas turbine was initially built by the Peter Odili administration and sold to Sahara Energy.
The governor further challenged the Federal Government to set up a commission of inquiry to probe the source of the huge money found in the flat, insisting that the funds belonged to Rivers people and should be returned to the owners within seven days. He said, “All these things they are saying that the $43m belong to the Nigerian Intelligence Agency is balderdash. When did the NIA begin to keep money in houses? As I speak to you now, the Federal Government is so embarrassed.
“The gas turbine was built by the (Peter) Odili administration. It (gas turbine) was “The turbine was sold for $319m. But as of May 2015, what was in the account was $204,000. We will avail ourselves and we will be present at the commission of inquiry expected to be set up by the Federal Government. If we are invited, we will come. There is no contradiction in this at all, but I know they (FG) will not agree.”
Wike maintained that he would complete the monorail project if the Federal Government returned the $43m to Rivers State, adding that it would be ‘projects galore’ in the state should the money be returned back to its original owner.
“Part of the money from the sale of the gas turbine was used to fund the All Progressives Congress campaign. We are telling the world that the money belongs to us. If they (FG) give us the money, I will complete the monorail project,” he said.
The money has since been deposited into the account of the Central Bank of Nigeria following an interim forfeiture order granted by a Federal High Court in Lagos. The court had also ruled that if the owner of the money did not show up within 30 days, it would be forfeited to the federal Government permanently.
Surprisingly, the EFCC has kept mum to all of this while some socio-political groups, including the Socio-Economic Right Accountability Project and the Campaign for Democracy, criticised the EFCC for hiding the identities of the owners of the recently recovered funds in Lagos and Kaduna. It was anti-democratic for the EFCC to shield the identities of the owners of recovered money adding that it is quite laughable that new notes of money, even hard to get in banks, were found and the EFCC cannot disclose who committed such acts.
On his part, the National Publicity Secretary of Afenifere, Yinka Odumakin, said that it was unfortunate that Magu’s EFCC out of desperation had thrown caution to the wind in the desperate attempt to be in the news and excite the public.
He stated, “You found such volume of cash without any attempt to find the owners and you start a cinema of exhibit. A sergeant IPO who does that should be fired without benefits.
“You cannot tell me that you cannot trace the title of a property in Ikoyi at Alausa in a matter of hours. But it seems Magu is all about anti-corruption and seduction. If Magu fails to disclose the owners of the money, it means that the anti-corruption war has become a ‘night of a thousand laughs.”
A former chairman of the Peoples Democratic Party, Adamu Mu’azu was reported to have said that he knew nothing about funds recovered at a property reported to be his in Ikoyi, Lagos. Mu’azu, who was the Governor of Bauchi State from 1999 to 2007, said he got a bank loan to acquire the land where the house was built, adding that he sold the house to pay back the loan. Also, Minister of Transportation, Amaechi, said he had no connection whatsoever with the apartment or the money. He was reported to have said that he did not own any apartment or house in Lagos, stating that his only property in Nigeria was in Abuja.
Punch
