Saturday, February 11, 2017

EFCC discovers Diezani’s $37.5 million edifice at Banana Island, Lagos

The Economic and Financial Crimes Commission (EFCC) has discovered a $37.5 million (N11.75 billion) luxury fifteen storey edifice on Banana Island, Ikoyi, Lagos, allegedly belonging to the embattled former Minister of Petroleum Resources, Diezani Alison-Madueke.

This is according to a statement by the commission.

Below is the full statement:

This is indeed the season of discoveries and recoveries. We recorded another breakthrough in the course of our investigation of the former minister of Petroleum Resources, Deziani Alison- Madueke as EFCC Uncovers $37.5m Diezani’s Mansion at Banana Island, Lagos.

The aggressive drive by the Economic and Financial Crimes Commission, EFCC to recover all hidden assets of former minister of petroleum resources, Diezani Allison-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 Building 3, Block B, is a fifteen storey edifice comprising of 18 flats and 6 penthouses, Bella Vista at Plot 1, Zone N, Federal Government Layout, Banana Island Layout, Foreshore Estate, Off Onikoyi Road, Ikoyi, Lagos.

The property was allegedly acquired by the former minister between 2011 and 2012 at a total cost of Thirty Seven Million, Five Hundred Thousand United States Dollars ($37,500,000USD) 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.

The investigation continues.

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