Ikoyi money whistle-blower now a millionaire — EFCC

Money recovered from an apartment in Osborne Towers Ikoyi
Money recovered from an apartment in Osborne Towers Ikoyi

The Economic and Financial Crimes Commission (EFCC) says the “young man” who blew the whistle on the massive stash of money recovered from an apartment in Ikoyi, Lagos, is now a millionaire.

The acting chairman of the commission, Ibrahim Magu, stated this in Vienna, Austria, on Thursday, the spokesman of the EFCC, Wilson Uwujaren, said in a statement.

Mr. Uwujaren said Mr. Magu spoke at the ongoing 7th Session of the Conference of States Parties to the United Nations Convention Against Corruption.

On April 7, EFCC operatives broke into a four-bedroom apartment on Osborne Towers, Ikoyi, and pulled out $43 million, £27,800 and N23 million stashed in a wardrobe.

The commission said the discovery followed an operation triggered by a whistle blower’s alert received by its Lagos office.

Mr. Uwujaren quoted Mr. Magu as saying that the whistle blower was already a millionaire by virtue of the percentage he was officially entitled to.

“We are currently working on the young man because this is just a man who has not seen one million Naira of his own before.

“So, he is under counseling on how to make good use of the money and also the security implication.

“We don’t want anything bad to happen to him after taking delivery of his entitlement. He is a national pride,” he said.

The EFCC boss called on Nigerians who want a positive change in the country to take advantage of the whistle blowing policy announced by the government early this year.

He noted that aside from contributing to the eradication of corruption, potential whistle blowers also stood to “benefit from the illicit acquisition by the looters”.

“So, we encourage more whistle blowers to come forward with genuine information that will lead to recoveries from looters of public treasuries.

“That is part of the ways we can put an end to the looting madness in the public sector.

“When they know that they have no place to keep the loot, as all eyes are on them, they will find looting of public treasuries unattractive, ” Magu said.

On June 7, a Federal High Court sitting in Lagos ordered the final forfeiture of the money to the Federal Government.(NAN)


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  • 45Degree

    I beg God open my eyes make I see money to blow Whistle now. This world is not my own. Please, help don’t let the next opportunity pass me by. Baba God I beg now. remember me. Let me see vision. Let me dream better dream.

    • tunde008

      You are soooo funny.I pray papa God open your eyes to see looted billions

    • Otile

      Pray ye that all looters return their loots and nobody loots again. If Danjuma, former governors/heads of states repent and return their loots money will be plentiful nobody will fight and kill for money again. Pray hard, with Allahu everything is possible.

  • MilitaryPolice01 [Joint Chief]

    lol with this, the price of the proverbial whistle will surely skyrocket

  • Someone

    i’d like magu to continue. he’ better than ribadu. but he may not stay on the top for long.

  • Zoological_Republic_of_Nigeria

    WHO STASHED THE MONEY THERE?
    ZOOHARI has looked away because one or more of his People must be involved

    • Smart

      You are suffering from Iphobian disease.
      Go to python dance clinic for treatment please.

  • Isyaku Muhammad

    Na don hearam ba? Make na start blowing wow!

  • Julius

    lol@“So, he is under counseling on how to make good use of the money and also the security implication”

    You meant how to steal the money from the young man. In a sane country, that young man will have a lawyer representing him already. If this is true, I wish him luck and ne need to get out of that country fast before they kill him.

    • KELLOGGS

      You have been supporting these evil leaders in the country. The same way they are holding El Zakzaky against court orders, incommunicado, apparently for his “own protection”.

      You are too young to know this, but Buhari had a stint as head of state in 1983-85, and he was evil then. He is more evil now. You support him, you support everything you see happening.

  • Whalerolex

    I don’t really understand Nigerians anymore. So we still hear stories like this and believe. Of course I will not expect them to mention any name but based on the lies of this administration, I can question the genuineness of this story.
    Was there a whistle-blower?
    If yes, was he given any money?
    They claim to be counselling him on how to spend the money. lol
    Well good nollywood series

  • SamPsalm

    Hope the money has gotten to the young man: fully? That’s@.com. All this talk about managing about so that nothing bad happens to him gets kurukere undertones.