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Monday, 18 September 2017

Diezani: EFCC traces $1.5b to Swiss bank, inspects her N7.1bn mansions in Dubai

Diezani
Diezani

Nigeria is set to activate one of the agreements it signed with the United Arab Emirates to seize some mansions traced to former Oil Minister Diezani Alison-Madueke, The Nation learnt at the weekend. 



Operatives of the EFCC have visited two mansions in Dubai allegedly belonging to her. The properties, located at E146 Emirates Hill and J5 Emirates Hill, are said to be worth 74,000,000 dirham (N7.1bn).



Emirates Hill, which has been described as the Beverly Hills of the United Arab Emirates, is home to some of the richest men in the world including billionaire Chairman of the Stallion Group, Sunil Vaswani.


Besides, EFCC has traced about $1.5billion believed to be proceeds of crime to a Swiss account as part of the ongoing probe of the former minister. The anti-graft agency has allegedly linked the loot with the ex-minister and four of her business associates.



Four detectives on Friday left Nigeria for the United Kingdom with more clues on Mrs Alison-Madueke’s alleged loot. According to a top source in the EFCC, about $1.5billion has been traced to the ex-minister and her business associates.


The source said the associates allegedly used two shell companies to sell more than $1.5bn worth of Nigerian crude oil. The anti-graft agency claimed that the $1.5billion oil cash had been traced to a bank in Switzerland.

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