Detectives have uncovered another multi-billion naira transaction believed to have been carried out by former Petroleum Resources Minister Diezani Alison-Madueke.

The Economic and Financial Crimes Commission (EFCC) is probing a N4billion hotel deal between Mrs. 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, But detectives of the anti-graft agency have secured the relevant papers on the hotel valued at N4billion

Also, it was gathered at the weekend that some business associates of Mrs Alison-Madueke were yet to refund to the EFCC about $1.85billion traced to them.

They would rather follow through the case than make a refund, a source said.

According to the anti-graft agency, the hotel was one of the five being investigated in Port Harcourt, the Rivers State capital. http://mystatenews.com/efcc-probes-diezani-over-n4b-hotel-deal-with-ex-milad/