Former petroleum minister, Diezani Alison-Madueke’s jewelry that was seized has now been estimated as N14.4bn by the Economic and Financial Crimes Commission (EFCC).
Abdulrasheed Bawa, Chairman of the Commission disclosed this when he appeared before the House of Representatives Ad-hoc Committee on Assessment and Status of All Recovered loots Movable and Immovable Assets from 2002 to 2020 by Agencies of the Federal Government of Nigeria for Effective Efficient Management and Utilisation, chaired by Adejoro Adeogun.
“The estimated value of Diezani Allison’s jewelry in naira is N14.4 billion. The estimated value of houses for the former Minister of Petroleum, Diezani Allison is worth $80 million”.
According to him, the delay in disposing of the assets to long court processes and administrative exigencies.
He was also of the opinion that keeping such recoveries was not proper as they keep losing value over time.