Welcome, Guest: Join Nairaland / LOGIN! / Trending / Recent / New
Stats: 2,401,857 members, 5,373,731 topics. Date: Saturday, 18 January 2020 at 11:31 AM

$20bn NNPC Fraud: EFCC Discovers Diezani’s $37.5m Lagos Mansion - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / $20bn NNPC Fraud: EFCC Discovers Diezani’s $37.5m Lagos Mansion (698 Views)

Court Orders Permanent Forfeiture Of Diezani Alison-Madueke's $37.5m Mansion / EFCC Discovers Hidden Money In Ikoyi Lagos Home (Photos, Video) / $20bn NNPC Fraud: EFCC Discovers Diezani's $37.5m Lagos Mansion.. (2) (3) (4)

(1) (Reply) (Go Down)

$20bn NNPC Fraud: EFCC Discovers Diezani’s $37.5m Lagos Mansion by shamecurls(m): 6:01am On Feb 11, 2017
by Eniola Akinkuotu, Abuja Feb 10, 2017

The Economic and Financial Crimes Commission has discovered a $37.5m (N11.75bn) luxury high-rise building on Banana Island, Ikoyi, Lagos, allegedly belonging to the embattled former Minister of Petroleum Resources, Diezani Alison-Madueke. This is just as the EFCC revealed on Friday that it discovered $9.3m and £74,000 belonging to a former Group Managing Director, Nigerian National Petroleum Corporation, Mr. Andrew Yakubu. The money was allegedly kept in a bungalow situated in the slums of Kaduna.



The Economic and Financial Crimes Commission has discovered a $37.5m (N11.75bn) luxury high-rise building on Banana Island, Ikoyi, Lagos, allegedly belonging to the embattled former Minister of Petroleum Resources, Diezani Alison-Madueke.

This is just as the EFCC revealed on Friday that it discovered $9.3m and £74,000 belonging to a former Group Managing Director, Nigerian National Petroleum Corporation, Mr. Andrew Yakubu. The money was allegedly kept in a bungalow situated in the slums of Kaduna.

The two discoveries were made as part of investigations into a string of fraudulent activities in the NNPC, which cost the nation over $20bn at a time the oil price stood at about $100 per barrel on the average

According to impeccable sources within the EFCC, the building allegedly belonging to Diezani was purchased between 2011 and 2012. It is situated in the same estate where Africa’s richest man, Alhaji Aliko Dangote, resides.

Saturday PUNCH learnt that the building comprises 18 flats and six penthouses.

Properties on Banana Island are believed to be among the most expensive in Africa with a plot of land selling between $4m (N1.25bn) and $6m (N1.8bn), according to Forbes Magazine.

A source at the EFCC said, “The aggressive drive by the EFCC to recover all hidden assets of former Minister of Petroleum Resources, Diezani Alison-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 is a 15-storey edifice comprising 18 flats and six penthouses.

“The property was acquired by the former minister between 2011 and 2012 at a total cost of $37.5m 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.”

Last year, the commission seized an $18m mansion in the Asokoro area of Abuja allegedly belonging to the ex-minister.

She has, however, denied all the allegations leveled against her.

Meanwhile, the commission has recovered $9.7m and £74,000 from a former GMD of the NNPC, Mr. Andrew Yakubu.

Ironically, Yakubu, who served as the head of the corporation between 2012 and 2014, is the key witness of the EFCC against the Chairman of Atlantic Energy Brass Development Limited and Atlantic Energy Drilling Concept Limited, Jide Omokore, who is standing trial for an alleged $1.6bn fraud.

The EFCC said in a statement by its spokesman, Mr. Wilson Uwujaren, that the money was found in a safe hidden in a slum in Kaduna State.

The statement read in part, “A special operation conducted by operatives of the EFCC on February 3, 2017 on a building belonging to a former Group Managing Director of the NNPC, Dr. Andrew Yakubu, in Kaduna yielded the recovery of a staggering sum of $9,772,800.




http://saharareporters.com/2017/02/10/20bn-nnpc-fraud-efcc-discovers-diezani%E2%80%99s-375m-lagos-mansion

Re: $20bn NNPC Fraud: EFCC Discovers Diezani’s $37.5m Lagos Mansion by bedspread: 6:21am On Feb 11, 2017
JESUS!!! ANOTHER ONE!!

NIGERIA I HAIL THEE
NIGERIA I HAIL THEE
WHAT A NATION!

NOT EVEN A DOLLAR OF ALL THESE WOULD BE TAKEN TO THE GRAVE!

BUT I HOPE THE EFCC ARE SAYING THE TRUTH
Re: $20bn NNPC Fraud: EFCC Discovers Diezani’s $37.5m Lagos Mansion by ademega(m): 6:34am On Feb 11, 2017
Tell me how we won't be facing recession? No way oh
Re: $20bn NNPC Fraud: EFCC Discovers Diezani’s $37.5m Lagos Mansion by Nobody: 6:39am On Feb 11, 2017
This type of corruption will surely induce recession. Haba mana
Re: $20bn NNPC Fraud: EFCC Discovers Diezani’s $37.5m Lagos Mansion by Iamwrath: 6:46am On Feb 11, 2017
The women are worse
Re: $20bn NNPC Fraud: EFCC Discovers Diezani’s $37.5m Lagos Mansion by Mynd44: 7:04am On Feb 11, 2017
Re: $20bn NNPC Fraud: EFCC Discovers Diezani’s $37.5m Lagos Mansion by 48noble(m): 7:22am On Feb 11, 2017
just when we thought Jonathan is getting closer to our forgiveness.... I weep for Nigeria... a woman!

(1) (Reply)

Uncertainty In Aso Rock As Cabal Blocks Access To President Buhari / Rivers Election: PDP Won As INEC Releases Official Results - See Analysis / Workers Protests At Landover Aviation Ikeja

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2020 Oluwaseun Osewa. All rights reserved. See How To Advertise. 62
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.