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EFCC Traces N47.2Billion, $487.5m To Diezani Alison-Madueke

EFCC said it has traced at least N47.2Billion and $487.5Million in cash and properties to former Minister of Petroleum Resources, Diezani Alison-Madueke.

This followed painstaking investigations by operatives of the EFCC,” two staff of the anti-graft agency wrote in an article.

The former Minister is also being investigated for corruption and money laundering in the U.S and U.K.  These, the anti-graft agency said, were apart from “boxes of gold, silver and diamond jewellery, worth several million pounds sterling,” discovered during a search of Diezani’s palatial residences in Abuja.

The EFCC said it discovered several of Diezani’s landed properties scattered all over Lagos and other parts of the country in the course of its investigations.

The anti-graft agency stated that it discovered other Diezani’s properties such as a 21-mixed housing units at No. 7, Thurnburn Street and 5, Raymond Street, Yaba, Lagos.

It said, “The Yaba, Lagos properties, worth N1bn, were paid for on May 30, 2012. The same day Alison-Madueke splashed N900m on a Port Harcourt estate.

“In Lekki Phase One, operatives found a twin four-bedroomed duplex. The duplex is located on Plot 33, Block 112, Lekki Peninsula Residential Scheme Phase 1, Lekki, Lagos, with an estimated value of over N200m.


Also in Lagos, a large expanse of land at Oniru, Victoria Island, Lagos, has also been traced to her and it’s currently being utilised as a dumping site. It was bought on February 16, 2012, for N135m.

Plot 8, Gerard Road, Ikoyi, Lagos, another property traced to Alison-Madueke, is a penthouse on the 11th Floor in the Block B

Wing of the building. It was bought for N12m on December 20, 2011.

On Plot 10, Frederick Chiluba Close, Asokoro district of Abuja, lies a duplex, acquired by her in December, 2009, at the cost of N400m but it was never declared in any of her asset declaration forms.

Also linked to the former Minister in Abuja is a mini estate located on Plot 1205, Cadastral Zone B06, Mabushi Gardens Estate. It houses 13 three-bedroomed terrace houses.  It was purchased on April 2, 2012 at N650m.”

About Malena Onoruvwe

A seasoned online Public Relations professional, Malena brings over a decade of experience in online public relations and social media management

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