Union Bank Of Nigeria Repossesses Adamu Muazu-Owned Ikoyi Flat Where N13Billion Was Found

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union bank repossess ikoyi flat N13billion found

Nov 30, 2017 – Union Bank Of Nigeria Repossesses Osborne Tower Ikoyi Flat Where N13Billion Was Found, Says Ex-PDP Chairman, Adamu Muazu Owns It

The Union Bank of Nigeria has exposed former PDP National Chairman, Alhaji Adamu Muazu’s best kept secret.

In an application filed by Union Bank’s Lawyer, Chief Ajibola Aribisala today, the bank sought an interim order to vacate FG’s temporary forfeiture order on the property.

In a support affidavit submitted with the application, Union Bank said the flat where N13 billion was kept is part of 16, Osborne Road in Ikoyi which belonged to Adamu Muazu.

According to Aribisala, Muazu mortgaged the property using a security loan granted to Tripple A Properties and Investment Limited.

The bank further stated that the property has been sold to Chobe Ventures Limited to liquidate the loan.

Muazu, one of the most corrupt politicians under Goodluck Jonathan’s administration¬†is currently hiding somewhere in Singapore.