EFCC discovers $37.5m mansion reportedly owned by ex-minister
Diezani Alison-Madueke allegedly owned $37.5m luxury high-rise building has been uncovered by the EFCC.
Recommended articles
![Diezani Alison-Madueke, former Minister of Petroleum. [Punch]](data:image/svg+xml;charset=utf8,%3Csvg%20xmlns%3D'http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg'%20width%3D'100'%20height%3D'100'%20data-ring-placeholder%3D'1'%3E%3C%2Fsvg%3E "Diezani Alison-Madueke, former Minister of Petroleum. [Punch]")
The property which is reportedly worth $37.5m (N11.75bn) is said to be situated on Banana Island, Ikoyi, Lagos.
A report by Punch Newspaper disclosed that the embattled former Minister of Petroleum Resources' property was purchased between 2011 and 2012.
It was also reported that the luxurious property comprises 18 flats and six penthouses.
ADVERTISEMENT
The property was allegedly acquired in the name of a shell company, Rusimpex Limited under the control of Afamefuna Nwokedi of Stillwaters law firm, in Lagos.
“The aggressive drive by the EFCC to recover all hidden assets of 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," a source at the EFCC was quoted as saying.
In a similar occurrence, on Friday, February 10, 2017, the EFCC discovered $9.3m and £74,000 belonging to a former Group Managing Director NNPC, Andrew Yakubu. The money was allegedly kept in a bungalow situated in the slums of Kaduna.
ADVERTISEMENT
The discoveries are coming following an EFCC's investigation into a $20billion fraud at the Nigerian National Petroleum Corporation.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
Face masks may be reintroduced as diphtheria spreads to 18 states including Lagos, FCT
Multichoice Nigeria spent ₦5.5 billion on BBNaija All Stars
APC suspends Kogi governorship campaign to respect party member killed by thugs
BREAKING: Naira Marley in custody as Lagos police probe Mobhad’s death
Restoration of electricity promised for Ogun waterside communities
FG urged to establish ministry for informal workers
Anambra tells private sector to provide palliatives for workers
House of Reps launch investigation into pension fund crisis
New rule stops fresh Senators from contesting Senate president, deputy roles
Pulse Sports
Liverpool fined ₦23m despite VAR scandal in Tottenham clash
'Like Ketchup' — Super Falcons star Michelle Alozie borrows Ronaldo's line after scoring brace
Super Eagles: Iwobi and Moffi return, Bashiru a new addition as Peseiro calls up 25 players for Saudi Arabia and Mozambique friendly games
You Sabi: Vardy hails Ndidi in Pidgin for Leicester Player of the Match award
Napoli vs Real Madrid: Fans fear for safety of Osimhen and other players as earthquake reportedly hit Naples
Ronaldo did not chase me out of Al Nassr — Vincent Aboubakar
ADVERTISEMENT
![Olubunmi Tunji-Ojo [PMNews]](data:image/svg+xml;charset=utf8,%3Csvg%20xmlns%3D'http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg'%20width%3D'300'%20height%3D'172'%20data-ring-placeholder%3D'1'%3E%3C%2Fsvg%3E "Olubunmi Tunji-Ojo [PMNews]")