News

EFCC says Diezani’s seized jewellry is worth about N14.4billion

Estimated Reading Time: 1

Pieces of jewellery seized from a former Minister of Petroleum Resources, Diezani Alison-Madueke, have been estimated to be worth about N14.460 billion. This is according to the Chairman of the Economic and Financial Crimes Commission, EFCC, AbdulRasheed Bawa.

Bawa disclosed this to an ad hoc committee of the House probing the status of recovered loot at an investigative hearing.

The anti-graft boss stated that the assets are in the custody of the commission and have not been sold.

The House of Reps committee is assessing the status of all recovered loot moveable and immovable assets from 2002-2020 by agencies of government.

Until his appointment as the EFCC chair in February 2021, Abdulrasheed Bawa headed the commission’s investigative team set up to probe the broad corruption cases involving the former minister, associates and their interests.

Diezani Alison-Madueke, who is believed to have escaped to the United Kingdom and remained there after her exit from public office, ran the petroleum ministry which superintends over the opaque Nigerian National Petroleum Corporation (NNPC) between 2010 and 2015 under the administration of former President Goodluck Jonathan.

Leave a Comment

Your email address will not be published. Required fields are marked *

*