Diezani’s jewellery, houses forfeited to FG valued at N14.4bn, $80m – EFCC

The Economic and Financial Crimes Commission (EFCC) has said the pieces of jewellery seized from Diezani Alison-Madueke, a former Minister of Petroleum Resources, have been valued at about N14.460 billion. 

He also said that the Houses seized from the former Minister is also valued at 80million dollars.

The EFCC Chairman, Mr Abdulrasheed Bawa, made this known at the House of Representatives ad hoc committee investigating the assessment and status of recovered loot on Friday in Abuja.

The anti graft chairman said that Diezani’s jewellery are still in the custody of the agency, adding that it had not been auction but had been finally forfeited to the Federal Government.

He said that court processes, procedures and administrative exigencies had stalled some of the seized assets to be auctioned by the anti graft agency.

Bawa however said that the agency would henceforth deal with the seized assets case by case at the courts in order to quickly disposed the assets.

“Already the Federal Government has set up a committee under the chairmanship of the Solicitor-General for the Federation and I think they are working tirelessly

This according to him is to ensure that assets that are not only recovered by the EFCC but the entirety of the recovery agencies assets are disposed off

“We have EFCC representatives from that committee and we believe at the end of the day Nigerians are going to appreciate what that committee will come out with in term of the mandate given to them,” he said.