EFCC discovers fresh $37.5m Diezani Lagos mansion

- The EFCC's fresh breakthrough is said to be a 15-storey structure located at Banana Island that comprised 18 flats and six penthouses worth N11.75bn

- The edifice was alleged to have been bought between 2011 and 2012 from a developing company by a lawfirm traced to ex-oil minister Alison Diezani-Madueke

Diezani is alleged to have bought the edifice between 2011 and 2012


The Economic and Financial Crimes Commission (EFCC) has announced the discovery of a porperty in Lagos worth a whopping $37.5million totalling N11.75bn which allegedly belongs to former oil minister Alison Diezani-Madueke.


EFCC discovers fresh $37.5m Diezani Lagos mansion


Vanguard reports that the money which was said to allegedly belong to Diezani follows the announcement of acting chairman of the anti-corruption body Ibrahim Magu on Thursday, February 9 that 9.75 million dollars and 750,000 pounds were recovered from a residence in Kaduna state.

The EFCC said Diezani reportedly boughtthe building in Lagos’ top class location Banana Island between 2011 and 2012 ata total cost of $37.5m from the YF Construction Development and Real Estate.


5 Floors, 18 Flats and 6 Pent-houses acquired by Diezani


The commission said:“The aggressive drive by the EFCC to recover all hidden assets of former Minister of Petroleum Resources, Diezani Alison-Madueke, who is under investigation for corruption and money laundering, produced anotherbreakthrough this week with the discovery of a property acquired throughshell companies by the former minister at upscale Banana Island in Lagos.“

The property is a 15-storey edifice comprising 18 flats and six penthouses.“The property was acquired by the former minister between 2011 and 2012 at a total cost of $37.5m from the developers, YF Construction Development and Real Estate.



The property was allegedly acquired in the name of a shell company, Rusimpex Limited under the control of certain Mr. Afamefuna Nwokedi of Stillwaters law firm, in Lagos.”


In 2016, the commission said it seized the ex-minister’s $18m mansion in the Asokoro area of Abuja but Diezani has denied all the allegations levelled against her, saying all the seizures never belonged to her.




Meanwhile, the EFCC hasrecovered$9.8million in cashfrom a secret bunker owned by Dr. Andrew Yakubu who is a former Group Managing Director of the Nigerian National Petroleum Corporation.




The EFCC made the discovery on February 3 in a building belonging to Yakubu which is located in the slums of Sabon Tasha area of Kaduna.

The anti-graft agency said the former NNPC GMD confessed that the money was his and that it was given to him by unnamed persons.




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