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EFCC Discovered $800m in Former Abia Governor Ikpeazu's Home? Fact Emerges
Nigeria

EFCC Discovered $800m in Former Abia Governor Ikpeazu's Home? Fact Emerges

by  Ridwan Adeola 2 min read
  • Claims surfaced online in February that the EFCC discovered 800 million dollars cash stack at the residence of former Abia state governor, Okezie Ikpeazu
  • The posters claimed that some EFCC officials stormed the ex-governor's home and recovered huge cash in foreign currency
  • However, a fact-checking platform said the posts were false and did not show money found in Ikpeazu's house

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Legit.ng journalist Ridwan Adeola Yusuf has over 9 years of experience covering public journalism.

Umuahia, Abia state - A viral photo claimed a pile of cash was discovered by men of the Economic and Financial Crimes Commission (EFCC) in the house of the immediate past governor of Abia state, Okezie Ikpeazu.

Those circulating the claim alleged that the money found at Ikpeazu’s house amounted to 800 million dollars.

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Former Abia governor, Okezie Ikpeazu, is said to have a case with the EFCC
There are claims that 800 million dollars was found in Ikpeazu's house. Photo credit: @IkpeazuOkezie, @officialEFCC, @VusiSambo
Source: Twitter

Ikpeazu is a chieftain of the Peoples Democratic Party (PDP) and a two-term governor of Abia state.

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The EFCC is a Nigerian law enforcement agency that investigates financial crimes such as advance fee fraud and money laundering.

The post concerning Ikpeazu was well-circulated on the social networking site, Facebook, and it included a picture of huge cash. It was also sighted in X (formerly Twitter).

One of such posts read:

“The Economic and Financial Crimes Commission (EFCC) discovered 800 million dollars cash stack at the home of former Abia state governor; Okezie Ikpeazu.”

Similar claims on Facebook could be found here and here.

Claims of EFCC busting Ikpeazu's home untrue

But is the claim true? A fact-cheking platform, Africa Check, investigated.

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Following its scrutiny, the platform said the photo was from a drug raid in Mexico.

It added that the photo has been online since at least 2007 and does not show piles of cash found in the home of the former Abia governor.

Furthermore, Africa Check said considering Ikpeazu's status in Nigeria, the news of such a discovery in his house would have been widely reported on media platforms.

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The EFCC denied invading the home of the artiste.

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Source: Legit.ng

Authors:
Ridwan Adeola avatar

Ridwan Adeola (Current Affairs Editor) Ridwan Adeola Yusuf is a content creator with more than nine years of experience, He is also a Current Affairs Editor at Legit.ng. He holds a Higher National Diploma in Mass Communication from the Polytechnic Ibadan, Oyo State (2014). Ridwan previously worked at Africa Check, contributing to fact-checking research works within the organisation. He is an active member of the Academic Excellence Initiative (AEI). In March 2024, Ridwan completed the full Google News Initiative Lab workshop and his effort was recognised with a Certificate of Completion. Email: ridwan.adeola@corp.legit.ng.

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