Former Minister Diezani forfeits jewellery, houses worth N47.6billion


Diezani Alison-Madueke, the former Minister of Petroleum, surrendered assets worth N47.6 billion to the Federal Government.

Mr. Abdulrasheed Bawa, the EFCC Chairman, stated today that the jewelry component of the assets was valued at N14.6 billion.

On Friday in Abuja, Bawa revealed the data to an Adhoc committee of the House of Representatives investigating the status of seized loot.

He also claimed that the former Minister’s seized properties are worth $80 million, or N32.97 billion.

A total of N47.57 billion in assets has been forfeited.

Diezani’s jewelry, according to the anti-graft chairman, is still in the agency’s custody, having not been auctioned but instead forfeited to the federal government.

The auctioning of some of the seized assets had been stalled due to judicial proceedings, procedures, and administrative demands, he claimed.

Bawa, on the other hand, stated that the agency will henceforth deal with seized assets on a case-by-case basis before the courts in order to expeditiously dispose of them.

“The Federal Government has already established a committee under the chairmanship of the Federation’s Solicitor-General, and I believe they are working relentlessly.

The committee will oversee the disposition of assets seized by the EFCC.

“We have EFCC representatives on that committee, and we believe Nigerians will appreciate what that committee produces in terms of the mandate they have been given,” he said.


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