The Economic and Financial Crimes Commission, EFCC has revealed how its operatives uncovered a mansion worth $37.5 million belonging to former minister of petroleum resources, Diezani Allison-Madueke.

The Economic and Financial Crimes Commission, EFCC has revealed how its operatives uncovered a mansion worth $37.5 million belonging to former minister of petroleum resources, Diezani Allison-Madueke.

The Economic and Financial Crimes Commission, EFCC has revealed how its operatives uncovered a mansion worth $37.5 million belonging to former minister of petroleum resources, Diezani Allison-Madueke.

The anti-graft agency said the mansion which has 18 flats and 6 penthouses, is located on Banana Island, adding that the property was allegedly acquired in the name of a shell company, Rusimpex Limited.

The agency’s statement reads in part; “The aggressive drive by the Economic and Financial Crimes Commission, EFCC to recover all hidden assets of former minister of petroleum resources, Diezani Allison-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 Building 3, Block B, is a fifteen storey edifice comprising of 18 flats and 6 penthouses, Bella Vista at Plot 1, Zone N, Federal Government Layout, Banana Island Layout, Foreshore Estate, Off Onikoyi Road, Ikoyi, Lagos.”

EFCC reveals that the mansion was acquired between 2011 and 2012 under a shell company.

“The property was allegedly acquired by the former minister between 2011 and 2012 at a total cost of Thirty Seven Million, Five Hundred Thousand United States Dollars ($37,500,000USD) 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.”

Meanwhile, investigation is still on going on the new discovery, the anti-graft agency said.

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