News, Politics

EFCC in another breakthrough discovers $37.5m in Diezani’s Lagos mansion



The Economic and Financial Crimes Commission in another breakthrough in Lagos said that it has discovered the sum of N11.75bn allegedly said to be that of former Minister of Petroleum Resources, Diezani Alison-Madueke.

Also Mr Ibrahim Magu, Acting Chairman of Economic and Financial Crimes Commission (EFCC), on Thursday confirmed the recovery of 9.75 million dollars and 750,000 pounds from a residence in Kaduna state.

According to the EFCC Diezani was said to have bought the building situated in Lagos popular bourgeoise island called Banana Island between 2011 and 2012 at a total cost of $37.5m from the YF Construction Development and Real Estate.

Diezani fights back, disowns $153million loot

EFCC said, “The aggressive drive by the EFCC to recover all hidden assets of former Minister of Petroleum Resources, Diezani Alison-Madueke, who is under investigation for corruption and money laundering, produced another breakthrough this week with the discovery of a property acquired through shell companies by the former minister at upscale Banana Island in Lagos.

“The property is a 15-storey edifice comprising 18 flats and six penthouses.

“The property was acquired by the former minister between 2011 and 2012 at a total cost of $37.5m from the developers, YF Construction Development and Real Estate.

The property was allegedly acquired in the name of a shell company, Rusimpex Limited under the control of certain Mr. Afamefuna Nwokedi of Stillwaters law firm, in Lagos.”

Last year, the commission seized an $18m mansion in the Asokoro area of Abuja allegedly belonging to the ex-minister.

She has, however, denied all the allegations levelled against her.

Mr Ibrahim Magu, Acting Chairman of Economic and Financial Crimes Commission (EFCC), on Thursday confirmed the recovery of 9.75 million dollars and 750,000 pounds from a residence in Kaduna state.

He also confirmed that N1.25 billion was recovered from a public servant and said that all the monies were recovered within two weeks.

Source: Vanguard 

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