Abuja - The Economic and Financial Crimes Commission (EFCC) is probing a N4billion hotel deal between former Minister of Petroleum Alison-Madueke and a former military administrator, whose identity is yet to be released “so as to protect the investigation”.
The hotel may be placed under Interim Forfeiture as soon as the preliminary investigation is concluded, Nation reports.
But detectives of the anti-graft agency have secured the relevant papers on the hotel valued at N4billion.
Also, it was gathered that some business associates of the former minister were yet to refund to the EFCC about $1.85billion traced to them.
An ally of the former Minister of Petroleum Resources, Jide Omokore, has returned N200m to the Federal Government according to News24.
Omokore, who is the Chairman of Atlantic Energy Drilling Concept Nigeria Limited is currently standing trial before a Federal High Court for an alleged $800m (N247bn) fraud.
- News 24