Nigeria - The Economic and Financial Crimes Commission (EFCC) has announced the discovery of a porperty in Lagos worth a whopping $37.5million totalling N11.75bn which allegedly belongs to former oil minister Alison Diezani-Madueke.
According to Vanguard the money which was said to allegedly belong to Diezani follows the announcement of acting chairman of the anti-corruption body Ibrahim Magu on Thursday, February 9 that 9.75 million dollars and 750,000 pounds were recovered from a residence in Kaduna state.
The EFCC said Diezani reportedly bought the building in Lagos’ top class location Banana Island between 2011 and 2012 at a total cost of $37.5m from the YF Construction Development and Real Estate.
The commission 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.”
In 2016, the commission said it seized the ex-minister’s $18m mansion in the Asokoro area of Abuja but Diezani has denied all the allegations levelled against her, saying all the seizures never belonged to her.
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