N47.2bn, $487.5m In Cash, Properties Traced To Diezani – EFCC

N47.2bn, $487.5m In Cash, Properties Traced To Diezani - EFCC

The sum of N47.2bn and $487.5m in cash and properties have been traced to the former Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke by the Economic and Financial Crimes Commission, EFCC.

The anti-graft agency said that through painstaking investigations by its operatives such valuable items as boxes of diamond, silver and gold worth millions of dollars were discovered in the ex-minister residence.

According to EFCC, the operatives also discovered cash in foreign currencies of pounds sterling and US dollars in both Diezani’s palatial residences in Abuja and Lagos.

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The agency discovered several landed properties acquired by the ex-minister both in Lagos and Abuja, including some eyebrow areas across the country.

EFCC revealed these in an article entitled, “Diezani Alison-Madueke: What an appetite,” jointly authored by two officers in the EFCC’s Public Affairs Directorate, Tony Orilade and Aishah Gambari, a copy of which was made available to our correspondent.

The Federal High Court in Lagos on Monday ordered the forfeiture of Diezani’s $37.5m mansion on Banana Island, Lagos to Federal Government.

Some of the properties acquired by Diezani include a six units serviced apartments at Number 135 Awolowo Road, Ikoyi.

The anti-graft agency disclosed that the ex-minister bought the apartment at the sum of N800 million in January 2012.

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“Her insatiable love of acquiring properties made her to buy the six units apartment, a stone throw to EFCC office in Lagos. The apartment consists playground, sporting facilities, standby power generating set, water treatment plant,” EFCC said.

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