The Economic and Financial Crime Commission (EFCC) on Friday disclosed that it has seized jewellery worth N14 billion from former Minister of Petroleum, Diezani Alison-Madueke.
The EFCC Chairman, Mr Abdulrasheed Bawa, stated this before the House of Representatives ad hoc committee investigating the status of recovered loot on Friday in Abuja.
He said the “jewelry forfeited from the former minister has been valued by relevant government agencies and the estimated value of the jewelry is 14.4 billion naira.”
The anti-graft chairman also said the Houses seized from the former Minister are also valued at 80million dollars.
Bawa said that Diezani’s jewellery is still in the custody of the agency, adding that it had not been auctioned but had been finally forfeited to the Federal Government.
The House of Reps committee is assessing the status of all recovered loot moveable and immovable assets from 2002-2020 by agencies of government.