Ikoyi House Loot: Saraki Asks EFFC To Reveal Owners Of Recovered $43m


The Senate President Bukola Saraki has asked the Economic and Financial Crimes Commission, EFCC, to immediately unveil owners of the $43 million found in a luxury apartment at Ikoyi, Lagos last Wednesday.

The senate president in an interview with Arise TV on Tuesday, Saraki faulted the antigraft agency for not revealing the identity of the owner of the money after 7 days of discovery.

Also See: Ikoyi $43m Recovered Loot: Amaechi Sues FFK, Olayinka For Defamation

Senate President
Senate President Bukola Saraki

“I believe this is something simple that the organisation (EFCC) should manage even before the speculation started coming out. The circus has to come to end as to whether it belongs to individuals, companies, agencies or a state government.

“We, however, believe they will sort it out and eventually tell Nigerians who owns the money. Nigerians deserve to know. The circus must stop. I believe progress will be made faster if the process is transparent. Those are ways to strengthen institutions.

“When the process is transparent up to the investigative stage, people will not believe that it is because of this person that so, so, person is being prosecuted. Corrupt people are very patient, but with a transparent process, the fight against corruption will be won.

“On our part, we are doing all it takes to strengthen institutions. We have four bills before us, one is with the constitution amendment committee, and one has been taken back by the executive.”

After the discovery was made, there have been many speculations and name callings as to whom owes the recovered loot belonged to.

The former aviation minister Femi-Fani Kayode had in a tweet claimed the recovered money belongs to the current minister for transportation Rotimi Amaechi. According to him, the minister is the real owner of the Lagos properties where the huge sum of cash was found.

The spokesperson to the Ekiti State Governor, Ayo  Fayos,  Lere Olayinka,  in a statement also claimed that the recovered money belonged to Rotimi Amaechi as well as the flat where the money was found.

Also See: Ikoyi House Loot: Amaechi Owns Both The Money, Apartment – FFK, Fayose

To sum up the allegations, Rivers state governor Nyesom Wike, came forward to claim ownership of the money, giving the Federal Government a 7-day ultimatum to return the $43million.

According to governor Wike,  investigations by the state government revealed that the money was a proceed from the sale of gas turbines by the immediate past Governor of the state, Rotimi Amaechi.

The governor threatened that failure to return the money will lead to the state government taking legal measures to ensure that it gets back her stolen resources.

Minister for transportation, Rotimi Amaechi has denied the allegations and in retaliation sued Mr. Femi Fani-Kayode; and Mr. Lere Olayinka, the media aide to Governor Ayo Fayose of Ekiti State for defamation.

They are to publicly apologise. Apart from the demand for an apology from the duo, which is to be published in five national dailies and their twitter handle, Amaechi specifically asked for the sum of N500 million from Fani-Kayode “as compensation for the malicious and defamatory claim.”

Also See: Ikoyi House Loot: Wike Claims Ownership of Recovered Money

Mr. Amaechi further cautioned that the amount might increase should Fani-Kayode fail to address the situation as expected. Olayinka, on the other hand, was also asked to  apologise in five national dailies and pay the sum of N750 million “as compensation for the malicious and defamatory claim” on his (Olayinka) twitter handle.

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