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Peter Obi ‘It’s sad that we don’t know who owns $50M Ikoyi cash,’ Ex-governor says

Obi also said that he rented the flat for his family and that the EFCC searched his home but found nothing incriminating.

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Did Peter Obi lie about having just one house in Onitsha? play

Peter Obi, former Governor of Anambra State


Former Anambra State Governor, Peter Obi has spoken on the $50 million recovered from a flat in Ikoyi, Lagos in April.

The cash was recovered by the Economic and Financial  Crimes Commission (EFCC) in a building where Obi was named as a tenant.

Obi also said that he rented the flat for his family and that the EFCC searched his home but found nothing incriminating.

The former governor spoke at “The Platform,” an event organized by the Covenant Christian Centre.

“Let me tell you what is worrisome; well we don’t know, they are still dealing with who owns the money or who doesn’t own the money, but that will one day be clarified,” he said according to The Cable.

“Let me tell you where I am even worried. Why would anybody put it in such a circumstance, what if it caught fire? If that money was put in our banking system, whoever kept it would have earned eight percent per annum, so he would have earned about $7 million by now.

“$7 million is about N2.8 billion today. That is the amount I spent for all secondary schools in Anambra in a year. If he decided to be generous and give it to graduates, they would have shared it to 2,800 graduates, out of which 2,000 would have been successful.

“I live there, but having been governor of Anambra for eight years, I cannot live outside Anambra. The only place I have a house officially built is Onitsha, if you see any house in Lagos, Abuja or anywhere else belonging to Peter Obi, confiscate it. I lease that place for my wife and children.

“Ask those who searched it. I was abroad, they said they wanted to search my house, I sent the key, and they searched my whole apartment and I can tell you the only thing they found.

“They said this man doesn’t live here. It was only his wife’s clothes and shoes that we saw, we didn’t see anything belonging to him.

“I have said it to Nigerians, Peter Obi wears only black shoes, and I have two pairs of it, and I travel with it. The purpose of shoe is to protect the leg from being hurt. Nothing else. I bought this from Marks and Spencer, $49.99, finish.

“They said ‘we didn’t even see watch’, and I have said it to everyone, this is the only watch I have, I have worn it for 17 years. The purpose of watch is to keep time. Why would I keep a watch at home? Whose time is it keeping?” he added.

The discovery of the cash has led to the suspension of the Director General of the National Intelligence Agency (NIA), Ayo Oke who claimed that the funds were allocated to his agency by the Goodluck Jonathan administration for “covert operations.”

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The circumstances surrounding the stashing and discovery of the cash are currently being investigated by a presidential panel headed by Vice President, Yemi Osinbajo.

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