The Economic and Financial Crime Commission (EFCC) has seized jewellery worth N14 billion from former Minister of Petroleum, Diezani Allison-Madueke.
The EFCC Chairman, Mr Abdulrasheed Bawa, made this known at the House of Representatives ad hoc committee investigating the assessment and status of recovered loot on Friday in Abuja. He also said that the Houses seized from the former Minister is also valued at 80million dollars.
The anti graft chairman said that Diezani’s jewellery are still in the custody of the agency, adding that it had not been auction but had been finally forfeited to the Federal Government.
He said that court processes, procedures and administrative exigencies had stalled some of the seized assets to be auctioned by the anti graft agency.
Bawa however said that the agency would henceforth deal with the seized assets case by case at the courts in order to quickly disposed the assets.
“Already the Federal Government has set up a committee under the chairmanship of the Solicitor-General for the Federation and I think they are working tirelessly.”
This according to him is to ensure that assets that are not only recovered by the EFCC but the entirety of the recovery agencies assets are disposed off.
Credit THE GUARDIAN