Monday, September 18, 2017
EFCC inspects Diezani’s N7bn Dubai properties, traces $1.5b to Swiss bank
Operatives of the Economic and Financial Crimes Commission have visited two mansions in Dubai allegedly belonging to a former Minister of Petroleum Resources, Diezani Alison-Madueke.
The properties, located at E146 Emirates Hill and J5 Emirates Hill, are said to be worth 74,000,000 dirham (N7.1bn).
Emirates Hill, which has been described as the Beverly Hills of the United Arab Emirates, is home to some of the richest men in the world including billionaire Chairman of the Stallion Group, Sunil Vaswani.
Besides, 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. 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.