EFCC Traces $1.5Billion Linked To Former Minister, Diezani Madueke In Swiss Bank

(m) at 18-09-2017 08:31AM (2 years ago)

(3756 | Gistmaniac)


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.

Besides, the Economic and Financial Crimes Commission (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.

The detectives have gained access to two exotic mansions belonging to the former minister in Dubai, the United Arab Emirates (UAE), ahead of an Assets Forfeiture process by the Federal Government.

The properties are located in E146 Emirates Hill Dubai and J5 Emirates Hill Dubai.

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.

The top source said: “So far investigation revealed that the $1.5billion was laundered into an account in Switzerland after passing through the United States. We have the details of how the cash was wired into the account by some oil firms.

“Our investigation confirmed that the account was used to disburse the slush funds to make exotic purchases and acquire properties in Nigeria and other parts of the world.

“The US Department of Justice through its Kleptocracy Asset Recovery Initiative is already seeking to recover $144m in assets from some Diezani associates.”

The team of detectives that went to the United Kingdom is the second this year.

“We are working hard on how to seize cash and assets linked with Diezani. We want her tried at home instead of in he UK,” the source told The Nation.

It was learnt that Mrs Alison-Madueke’s posh mansions in Dubai was worth about 74million Dirham.

The source added:”Apart from the database made available to us by the UAE, there is no hiding place for Diezani, her associates and all the Politically Exposed Persons( PEPs) because the UAE has a Beneficial Ownership policy which will give details of those with assets, even if they are bought through proxies.”

With the location of the two assets of the ex-minister, the Federal Government will invoke the agreement on Mutual Legal Assistance on Criminal and Commercial Matters(recovery and repatriation of stolen wealth) between Nigeria and the UAE to initiate a forfeiture.

President Muhammadu Buhari on January 19, 2016  entered into  six agreements with the Emirates, including the Mutual Legal Assistance on Criminal and Commercial Matters(recovery and repatriation of stolen wealth).


fineboy77 (m) at 18-09-2017 08:36AM
(10076 | Hero)

This Ijaw woman almost drained Nigeria

Reply
tegonwa (m) at 18-09-2017 08:42AM
(6582 | Gistmaniac)

Criminal.I Wonder Why She Is Not Yet In Kirikiri Facing Hard Labour And Humiliation.Too Hopeless!Nawaa O!
Reply
freethinker (m) at 18-09-2017 09:17AM
(5202 | Gistmaniac)

ONLY GUBBIABLES WILL BELIEVE THIS..........
LET THEM BRING OUT THE ONES THEY HAVE RECOVERED, AND STOP TAKING YOU GUYS AS FOOLS....
ANYWAY, IT IS CALLED ZOO........
Reply
ruthie (f) at 18-09-2017 09:24AM
(17435 | Hero)

Quote from: freethinker on 18-09-2017 09:17AM
ONLY GUBBIABLES WILL BELIEVE THIS..........
LET THEM BRING OUT THE ONES THEY HAVE RECOVERED, AND STOP TAKING YOU GUYS AS FOOLS....
ANYWAY, IT IS CALLED ZOO........
see somebody that is making noise here...cannot even spell common..Gullible....uneducated fellow!
Reply
ruthie (f) at 18-09-2017 09:25AM
(17435 | Hero)

this is bad, please let her remain in UK for proper prosecution!
Reply
WhaleDog (m) at 18-09-2017 09:52AM
(2062 | Gistmaniac)

Quote from: freethinker on 18-09-2017 09:17AM
ONLY GUBBIABLES WILL BELIEVE THIS..........
LET THEM BRING OUT THE ONES THEY HAVE RECOVERED, AND STOP TAKING YOU GUYS AS FOOLS....
ANYWAY, IT IS CALLED ZOO........
Kanu d runner never com set u free yet ! Even ur man Kanu don jump fence entrer high speed , u dey here dey struggle with gullible

Reply
Oworen25 (m) at 18-09-2017 10:16AM
(12234 | Hero)

Make they shear the money give the poor
Reply
Sniper101 (m) at 18-09-2017 10:44AM
(2102 | Gistmaniac)

Roll Eyes   every week, same old bullish*t stories


@EFCC   ...make una shift go one side joor
Reply
idontno (m) at 18-09-2017 11:46AM
(360 | Upcoming)

THIS WOMAN AGAIN? ANYWAY ITS A ZOO COUNTRY
Reply
Floyd29 (f) at 19-09-2017 02:41AM
(2158 | Gistmaniac)

We dey for swiss make them shear the money for us
Reply
yawa_don_gas (m) at 19-09-2017 05:41AM
(30456 | Addicted Hero)

Please can someone tell me why each time I say make I finally have my piss yawa already dey wait mi there?
Reply