Over N13 billion found in Ikoyi apartment not mine, says ‘sacked NNPC boss’

Esther Nnamdi-Ogbue [Photo: sundiatapost.com]
Esther Nnamdi-Ogbue [Photo: sundiatapost.com]

Esther Nnamdi-Ogbue, the embattled former Managing Director of the NNPC Retail, a subsidiary of the Nigerian National Petroleum Corporation, NNPC, on Thursday denied that the stacks of dollars and other local and foreign currencies uncovered in a Lagos apartment on Tuesday belonged to her.

Mrs. Nnamdi-Ogbue, who was sent on compulsory retirement on Wednesday following the N14 billion missing petrol scandal involving Capital Oil & Gas Limited, gave the denial through her lawyer, Emeka Etiaba, of the law firm of Emeka Etiaba & Co.

On Wednesday, the Economic and Financial Crimes Commission, EFCC, announced it had uncovered wads of foreign currencies and Naira notes totalling over N13 billion, at the current Central Bank of Nigeria exchange rate of N306.05 to the dollar and N383.60 o the pound.

The exact amounts recovered were about $43.4 million, £27,800 and N23.2 million.

Following the report, speculations went wild that the hard currency belonged to Mrs. Nnamdi-Ogbue, who was alleged to be one of the occupiers of the four-bedroom apartment.

But, in her disclaimer circulated on Thursday to media houses, Mr. Etiaba dissociated his client with the uncovered cash.

PREMIUM TIMES could not independently confirm if Mrs. Nnamdi-Ogbue did authorise the disclaimer. Phone calls to her phone on Thursday to confirm if she authorised the statement by the law firm were not responded to. She also did not respond to a text message sent to her, “Our client is as shocked as many other Nigerians at the uncovering and recovery of the said sums of money and wishes to salute the courage and efforts of the EFCC in the war against corruption.

“She also wishes to commend the whistle blowing policy introduced by the Federal Government in the fight against corruption, which policy has resulted in large scale uncovering and recovery of monies and assets.

“It is our client’s belief that the source and ownership of the said uncovered sums of money is known or eventually will be known by the EFCC in due course. There is therefore no need for conjecture or speculation,” the law firm said.


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  • Names of SUICIDE bombers pls!

    The Russian Government has released the full details (identity) of the suicide bomber who attacked its nation and wrecked havoc earlier last week.

    Turkey also released the detail (identity) of a suicide bomber that attacked he earlier last month.

    The identity and detail of the attacker who rammed his car at a bridge and killing people in the process has been released by the UK government.

    BUT in Nigeria, Names, address, occupation etc of suicide bombers and killer herdsmen are NEVER made public.

    Nigerians and supporters of Imam Buhari must be told that the bomber in each case above died in the bombing and had no ID cards with them that survived the incident. So questions are:

    a) Why can’t Nigeria identify her own Islamic extremists?

    b) Is Buhari and his APC party hiding something?

    c) Does it mean it will cost Nigeria more to acquire forensic laboratories than to buy fighter Jet from US govt?

    d) Why is the world this wicked? Why is America wicked and indirectly supporting terrorism?

    The United States Selling fighter jets to Nigeria (which costs more) rather than selling forensic technology to Nigerian govt is tantamount to aiding and abetting corruption.

    • so and so


    • serubawon70

      e)! Why not sharap?

    • Eldorado


    • Illiteracy is a disease, wish you quick recovery.

      • Alex

        The illiterate I can see here is you.why can’t people ask any kind of reasonable questions without being challanged and called names?

    • Osakue

      Na wa for you do you live here? I doubt

  • Du Covenant

    Despite all these revelations, Nigerians are still sitting and watching. What is wrong with us as a people?, why is our ability to differentiate bad, good and evil so terribly poor?. The people who have driven our country aground are being revealed on a daily basis and we are just sitting and watching?, when are we going to say ‘enough is enough’?….

    • FEMI A USA

      Ethnicity wouldn’t allow it.

    • Curiuos

      Nigeria is not a country. Period. Restructuring or break up is the only solution to the problems. You couldn’t have had a normal country if you colonized a part of Europe and placed English, Germans, Spanish and French all in one country. This is what the colonialists did in forming Nigeria. Interestingly, the West (Europe and America) still benefit more from this skewed Nigerian structure over 100 years after it was created…and it is exactly how they want it and why they would want Nigeria to remain…so they can exploit and continue to exploit with their companies – Shell, ExxonMobil, Chevron, Agip etc We must look for a way to courageously undo that.

      • Karl Imom

        What needs restructuring is mentality and culture of theft of the people rather than the structure of Nigeria. There are criminals in every state in Nigeria, and with the situation being worst in smaller states like Akwa Ibom, Benue, Ekiti, Kogi, etc, The break-up of Nigeria for reasons of corruption or personal greed will only lead to duplication of the same problem which may be compounded by dictatorship in the emerging smaller countries. Before the civil war, Nigerians wanted the break-up of the regions, namely: Western Region, Northern Region, Eastern Region, and Mid-West Region. They claimed the break-up would lead to efficient administration, equitable distribution of public amenities, elimination of marginalization of minorities, etc. When those regions were finally broken-up into states, each of the issues creation of states was intended to eliminate has inadvertently multiplied – corruption has been progressively multiplied since 1966 when regions were broken-up; over the same period of time, a greater number of marginalized minorities have been created in every state; smaller states like Benue, Ekiti, Abwa Ibom, among others have essentially been ruled by dictators without any financial accountability. The current agitation for the break-up of Nigeria is based on greed; the need to create more minorities; and desire to corner resources in a dictatorial fashion. Nigeria has come to stay as Nigeria no matter what agitations criminals will make about the break-up.

        • Chidi

          It is sheer naivety to assume that Nigeria is indivisible or will not disintegrate. In fact, scientific facts and events of the day show that it is more likely than not. No entity with a skewed structure like Nigeria has ever survived. Its even against the norm that nIgeria has survived for this long…the danger however is that when it does disintegrate it will be violent and with hatred. We already see this all around.

  • Curseless

    Ili gotten wealth is suddenly becoming a hot potato. That is what lm talking about.

  • whales1212

    See how everyone is denying money! I bet they’re already cooking up the books. Wicked souls.

  • LionHeart

    The big thieves that destroyed the Nigerian economy. Greed is the mother of corruption in Nigeria.

    • A Aminu

      Not only in Nigeria but world wide. Can you imagine by how many points the Naira will fall as these thieves try to buy $48m. May be the Naira fail by more than N150 to a dollar.

  • Alex

    I don’t want to spoil anyone day, I have just put one and one together to find out that all this billions and millions allegedldy been uncovered are just APC normal dramer of keeping hooked and sweet they are fighting corruption,This is all fake.

  • liutenant

    FAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAKE storieeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeees.

    • Olatubosun

      It is true not fake

  • Olatubosun

    People are now denying thier property bcos of prosecution

  • Olatubosun

    I can’t laugh o

  • Olatubosun

    Efcc is performing excellently…. Kudos to the team

  • Olatubosun

    We must wipe away corruption

  • Osakue

    Something tells me the owner of this money might be a member of this present government hence the seat is hot the bad ones are beginning to feel the heat