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WATCH: Diezani's N3.58 bn home is seized by EFCC

14 June 2016, 06:36

Abuja - A mansion belonging to embattled former Petroleum Minister Diezani Alison-Madueke has allegedly been seized by the Economic and Financial Crimes Commission (EFCC).

According to a Punch report, the mansion, believed to be worth a whopping N3.58 billion, is said to also have contained jewellery, furniture and a bulletproof gym worth $2 million.

Ibrahim Magu, Acting Chairman of the EFCC, confirmed the development during an interview with Al-Jazeera, while stating that the house forms part of $10 billion in cash and assets that had allegedly been seized by the Federal Government since last year.

Also read: EFCC says freezing of accounts under investigation not vindictive

“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,” he said.

Wilson Uwujaren, spokesman for the EFCC, on Monday confirmed that the anti-graft agency is permitted to seize properties believed to have been acquired through looted funds.

"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 commission of financial crimes is a mandatory investigative step backed by law," Uwujaren stated.

Watch the video below.

Read more at Punch

- News24


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