Google Plus Card Widget

Ad Space

Recent Posts


?">RSS'); document.write('"); //]]>--> ?max-results=5">Featured Post 7'); document.write("?max-results="+numposts1+"&orderby=published&alt=json-in-script&callback=showrecentposts\"><\/script>");
?">RSS'); document.write('"); //]]>--> ?max-results=5">Featured Post 8'); document.write("?max-results="+numposts1+"&orderby=published&alt=json-in-script&callback=showrecentposts\"><\/script>");


Copyright stfeloben1 2013. Powered by Blogger.


Follow by Email

Blog Archive

Search This Blog


It was reported that Monday, June 13 the Economic and Financial Crimes Commission (EFCC) discovered that Alison-Madueke’s has a mansion which is located in Asokoro area of Abuja, Federal Capital Territory, and is valued at $18million with furnishings inside estimated to cost at least $2 million, as well as having a bulletproof gym

Former minister of petroleum resources, Diezani Alison-Madueke’s Abuja mansion valued at N3.58bn ($18m at the official exchange rate of N199 to a dollar) has been officially confiscated by the Economic and Financial Crimes Commission (EFCC).

The anti-graft agency number one man, Ibrahim Magu, gave the details of the seizure in part of the interview he granted Al-Jazeera.

Diezani Alison-Madueke, former minister of petroleum resources accused of stealing money

It was on Monday, June 13 that the EFCC boss revealed that items like jewellery, furniture, and a bulletproof gym worth about $2m were found in the Abuja mansion.

Magu said the seized house is one of the $10bn money and properties confiscated by the government of the federation since last year, stating that: “We have been able to take on a lot of big shots that were hitherto untouchable in the three arms of the military, political class. We have recorded 164 convictions in just one year.”

EFCC boss, Ibrahim Magu

The EFCC boss explained that in the month of April, it confiscated wristwatches estimated at £2 million from the wife of the chairman of Atlantic Energy Drilling Concepts Nigeria Limited, Mr Jide Omokore, and the petroleum minister, which were a wristwatch valued at £1.4 million from Omokore’s wife as well as a wristwatch valued at £600,000, which was seized from Alison-Madueke.

The wristwatches were said to have been confiscated by the EFCC in one of its various raids on houses of some suspected corrupt individuals on Banana Island, Ikoyi, Lagos, and other locations.

The spokesman for the EFCC, Mr Wilson Uwujaren, on Monday, June 13, released a statement, explaining that the anti-graft agency has the right to confiscate assets, which are believed to have been acquired with stolen money.

He stated: “In recent times, a lot of interest has been generated by the action of the commission in freezing the accounts of suspects that were investigated or are currently being investigated. Some commentators have tended to ascribe vindictive motives to this action.

“In order to prevent misinformation, it is imperative to explain the reason behind the commission’s actions in this regard. Freezing of accounts suspected of being used for the commission of financial crimes is a mandatory investigative step backed by law.

“Indeed, Section 34 (1) of the EFCC Act 2004 empowers the Commission to freeze any account suspected of being used for financial crimes.

“The section stipulates that ‘the chairman of the commission or any officer authorised by him may, if satisfied that the money in the account of a person is made through the commission of an offence under this Act or any enactment specified under Section 6(2) (a)-(f) of this Act, apply to the court exparte for power to issue or instruct a bank examiner or such other appropriate authority to freeze the account.”
4:22 PM

0 comments Blogger 0 Facebook

Post a Comment