Home NewsNational News EFCC set to auction off Alison-Madueke $40million jewelry

EFCC set to auction off Alison-Madueke $40million jewelry

by Hafeestonova

The Economic and Financial Crimes Commission have invited Internationally certified auctioneers as it plan to auction of $40 million jewellery, recovered from a former Petroleum Resources Minister, Mrs Diezani Alison-Madueke.

Recall that in September 2019, a Federal High Court in Lagos granted EFCC’s application for final forfeiture of the jewellery reportedly worth $40 million seized from Diezani’s house.

The trial judge, Nicholas Oweibo said Mrs Alison-Madueke failed to prove that the properties sought to be forfeited were not acquired with proceeds of unlawful activities.

Speaking at the ongoing EFCC stakeholders conference on crusade against cybercrime fraudsters, the anti-graft agency chairman, Ibrahim Magu said 242 trailers and tankers recovered from internet scammers will also be auctioned of

Related Articles

Leave a Comment