We’re awaiting FG’s Directive To Auction Diezani’s N14.4bn Jewellery, $80m Houses – EFCC

The Economic and Financial Crimes Commission EFCC has said it is awaiting the presidential order to auction the jewellery seized from a former Minister of Petroleum Resources, Diezani Alison Madueke, valued at about N14.46bn and houses estimated at $80m. The Chairman of the EFCC, AbdulRasheed Bawa, made this known in Abuja on Friday when he appeared before the House of Representatives Ad-hoc Committee on Assessment and Status of All Recovered Loots Movable and Immovable Assets from 2002 to 2020 by Agencies of the Federal Government of Nigeria for Effective Efficient Management and Utilisation. Bawa, however, stated that the “estimated value” of the forfeited jewellery was not determined by the EFCC, adding that the houses finally forfeited by the ex minister had been valued at about $80m. It is the estimated value we have. The estimated value in naira was given at N14,460,000,000.” The EFCC chairman noted that a lot of processes were involved and due to “certain things that happened.” He said now that the Federal Government had set up a committee on assets recovery, seized property would be auctioned soon.