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.

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.

“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.