FG to auction some of the properties recovered from the former Petroleum Resources Minister, Mrs Diezani Alison-Madueke


The Economic and Financial Crimes Commission (EFCC) has stated that the Federal Government would quickly public sale a few of the properties recovered from the previous Petroleum Resources Minister, Mrs Diezani Alison-Madueke .

EFCC appearing Chairman, Ibrahim Magu, made the disclosure yesterday throughout a Press/ Stakeholders briefings on campaign in opposition to cyber crime and fraudsters in Lagos.

He stated a few of Diezani’s properties and others forfeited by excessive profiled fraudsters, politicians and scammers would be auctioned in a clear method and in keeping with worldwide practices.

Magu ,stated the period of auctioning forfeited properties with out due course of is gone, including that earlier than any forfeited properties can be auctioned , due course of should be strictly adopted.

He stated native and worldwide skilled auctioneers would be invited to judge the forfeited properties earlier than they can be auctioned publicly.

He stated that the method would kick off in Port Harcourt, River State, with the auctioning of 242 trailers and tankers recovered from web scammers.

Magu said that the auctioning of forfeited properties in Port Harcourt has reached the superior stage with the involvement of all the mandatory stakeholders and specialists who ought to have enter or contribution in the course of .

He expressed displeasure at the way courts used to public sale forfeited properties at peanuts.

“The concept of promoting recovered proceed of crime for peanuts is unhealthy. This time round, we aren’t going to tolerate it.

“The era of auctioning forfeited properties at gross devalued prices is gone. We are going to do everything possible to know the real value of any forfeited property and we will invite professional and merchants in the area to tell us the actual prices and the current worth and go back to the court to give reasonable price for every forfeited property before auctioning it,” he stated.

Speaking on Diezani’s forfeited jewellery, Magu, stated internationally licensed’ auctioneers would public sale the $40 million (about N14.four billion) jewelry .

In September this yr, the Federal High Court in Lagos ordered that the two,149 items of jewelry and a customized gold iPhone, valued at $40m and recovered from the Abuja house of Mrs Diezani, be completely forfeited to the Federal Government.

Diezani who was appointed the minister of petroleum sources on April 12, 2010, based on findings by the EFCC confirmed that she allegedly began buying the jewelry in 2012 from Bukola Oyewumi of Trinket Box Bespoke Jewellery at Ikeja City Mall, Alausa and others.

Giving account of the fee’s achievement on struggle in opposition to cybercrime, Magu disclosed that the purpose of the anti-graft company was not solely to arrest suspect ,however to destroy their prison community by intelligence gathering.

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  1. Nice one

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