Wednesday, April 27, 2016

Wonders will not end: EFCC seize wristwatch worth N174 Million from former Minister of Petroleum Resource, Dieziani Madueke


According to the Economic and Financial Crimes Commission, EFCC, a £600,000 wristwatch  equivalent to N174,105,651 has been  seized from Diezani Alison-Madueke. The wristwatch of   was seized from the former Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, during a raid on her residence.

Also, a £1.4m wristwatch was seized from Mr. Jide Omokore’s wife.

It was learnt that the corruption fighters, EFCC had seized expensive jewellery and wristwatches during various raids on houses of some suspects on Banana Island, Ikoyi, Lagos, and other places.


The firm of Omokore, who was questioned in January by the anti-graft body, was one of the companies that allegedly received multi-billion dollars worth of public assets without due process from the previous administration.

The company, which was established in 2010, had reportedly not explored any oil when it was curiously awarded controlling stakes in two lucrative oil blocks, OML 30 and 34, for just over $50m each.

The deal, which was signed by Jonathan’s Minister of Petroleum Resources, Diezani Alison-Madueke, gave Atlantic Energy Limited a controlling 55 per cent stake

The former minister had been interrogated by the Metropolitan Police on issues relating to money laundering.
 The items seized from the suspects would be displayed to journalists in Nigeria

Besides suspects in Nigeria, it was learnt that the EFCC  had begun moves to extradite those who had fled the country.

The EFCC source added that the commission was working with the United States’ Federal Bureau of Investigation and the UK’s National Crimes Commission to bring back those who were being investigated, including a former Minister of State for Defence, Mr. Musiliu Obanikoro, and an ex-National Chairman of the Peoples Democratic Party, Alhaji Adamu Mu’azu.

“We are working with FBI and NCA and they are eager to assist us. I can assure you that those people will be brought back to Nigeria for interrogation,” a top source said.

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