EFCC Chairman Ibrahim Magu Relocates To Lagos, Seizes Money Recovered From Osborne Tower Ikoyi

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ibrahim magu relocates to lagos

April 19, 2017 – EFCC Chairman Magu Relocates To Lagos From Abuja, Seizes Money Recovered From Osborne Tower Ikoyi,Tells Owner To Meet Him In Court

As part of the probe of the controversial cash haul, EFCC Acting Chairman Ibrahim Magu has shifted his base to Lagos.

The anti-graft agency yesterday insisted that the cash would be forfeited to the Federal Government.
It said whoever has reasons that the money should not be forfeited should come to the court on May 5.

It was learnt that Magu’s relocation to Lagos was to tidy up the probe of how the $43.4million found its way to Apartment 7B.

A source, who spoke in confidence, said:

“We are still digging; we are working round the clock on the cash recovered from Osborne Towers. There are some clues that there could be more hidden cash; this is why we are combing some places based on intelligence.

“We are still interacting with occupants of the Towers. Some of them have made useful statements.
“This investigation is highly sensitive; this is why the EFCC has not addressed the press on this matter. This explains why the Acting EFCC chairman has shifted base from Abuja to Lagos to drive the process. I think in the next 48 hours, we should be through with this stage of investigation.”

On the fate of the $43.4million, the EFCC in a tweet yesterday said there is no going back on the forfeiture of the cash to the Federal Government.

It said whoever has any reason that the cash should not be forfeited should approach the Federal High Court in Lagos on May 5.

“The court has ruled that whoever has reasons why the money should not be forfeited to the Federal Government should stand before it on May 5,” the EFCC said.