$153m Fraud: EFCC Discovers Estate Reportedly Belonging to ex-Minister Diezani Madueke

The Economic and Financial Crimes Commission (EFCC) has discovered an estate located on Diepreye Alamieyeseigha Street, off Goodluck Jonathan Road in Yenagoa, Bayelsa State, reportedly belonging to former Minister of Petroleum Resources, Diezani Alison-Madueke.

The Nation reports that the large estate was discovered by operatives of the anti-graft agency in the course of their investigation of public funds allegedly stolen by the former minister.

A source close to the investigation said;

Following our obtaining a court order to recover some assets belonging to Diezani, we were able to gather intelligence which led to the location of the hidden estate in question in Bayelsa State.

Our operatives also conducted searches in some houses on the estate based on tip-off on the  ex-minister.

We will follow due process in invoking the relevant laws on asset forfeiture on all the mansions in the estate.

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It was also reported that the Acting Chairman of the anti-graf agency, Ibrahim Magu, has traveled to London to continue investigation on some properties that have been traced to Alison-Madueke in Nigeria and abroad.