EFCC Estimates Value of Diezani’s Jewelry at N14.4bn


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•Explains delay in disposing assets

Adedayo Akinwale in Abuja

The Economic and Financial Crimes Commission (EFCC) yesterday revealed that the estimated value in Naira of jewelry seized from former petroleum minister, Diezani Alison-Madueke is N14.4 billion.

Chairman of the commission, Abdulrasheed Bawa disclosed this 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, chaired by Adejoro Adeogun.

Bawa also said the total assets seized from the former minister was estimated at N46 billion.
The EFCC boss said though they got the forfeiture order for assets recovered from the former Petroleum Minister in 2019, they were yet to be auctioned.

He stated: “The estimated value of Diezani Allison’s jewelry in naira is N14.4 billion. The…

Source: Thisday Newspaper