EFCC finally discovers Diezani’s $37.5 million Banana Island mansion
The Economic and Financial Crimes Commission has discovered a $37.5m (N11.75bn) luxury high-rise building on Banana Island, Ikoyi, Lagos, allegedly belonging to the embattled former Minister of Petroleum Resources, Diezani Alison-Madueke.
This is just as the EFCC revealed on Friday that it discovered $9.3m and £74,000 belonging to a former Group Managing Director, Nigerian National Petroleum Corporation, Mr. Andrew Yakubu. The money was allegedly kept in a bungalow situated in the slums of Kaduna.
The two discoveries were made as part of investigations into a string of fraudulent activities in the NNPC, which cost the nation over $20bn at a time the oil price stood at about $100 per barrel on the
According to impeccable sources within the EFCC, the building allegedly belonging to Diezani was purchased between 2011 and 2012. It is situated in the same estate where Africa’s richest man, Alhaji Aliko Dangote, resides.
Saturday PUNCH learnt that the building comprises 18 flats and six penthouses.
Properties on Banana Island are believed to be among the most expensive in Africa with a plot of land selling between $4m (N1.25bn) and $6m (N1.8bn), according to Forbes Magazine.
A source at the EFCC said,
“The aggressive drive by the EFCC to recover all hidden assets of former Minister of Petroleum Resources, 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.
The property was allegedly acquired in the name of a shell company, Rusimpex Limited under the control of certain Mr. Afamefuna Nwokedi of Stillwaters law firm, in Lagos.”
Last year, the commission seized an $18m mansion in the Asokoro area of Abuja allegedly belonging to the ex-minister.
She has, however, denied all the allegations leveled against her.
Don't Miss ...
- Check What Buhari Is Doing in & Outside Nigeria
- If Bobrisky is From Nigeria -- Read His Latest News
- Nnamdi Kanu's Hidden Plans For Biafra Might Shock You - Read Latest News
- After Reading this you Might Choose Lagos as The Capital Of Nigeria
- And Obiano Will Win Again if ... Read This Latest News
- JAMB & Post UTME Aspirants Please Read this Important Notice
- Davido's Father is Rich But after Reading This Stories you will Know More ...
- And Wizkid is Calling you to Read his Latest Stories .. click to Read
- Current Affairs in Nigeria September 2017
- Crocodile Smile & Python Dance in Abia State - Read Latest Reports
- Just for IGBO'S
- Just For HAUSAS'
- Just For Youruba's
Business Services , Data Room , Factoring Company , Bail Bonds , Bail Bondsman , Bail Bonds Los Angeles , Casino , Slots , Lawyer , Malpractice Laywer , Injury lawyer , Workers Comp Lawyer , Lemon Law Attorney , Asset , Management , Digital Assets Management , annuities , Insurance , Cash Services & Payday Loans , Cleanup & Restoration Services , Degree , Medical Coding Services , Rehab , Psychic , Timeshare , HVAC , Business Software , Medical Needs , Loans Plumber , Termites , Pest Control , Mortgages , Online Gambling , Banking , Hair Transplant and Google AdWords
Please send your articles to Vivianblog.email@example.com. Thanks