EFCC Recovers N35 Billion From Ex-Oil Minister Diezani Alison Madueke

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efcc recovers 35billion from diezani

January 7, 2017 – FG Seizes N35Billion From Ex-Oil Minister Diezani Alison Madueke

Ex-Petroleum Madam Diezani Madueke yesterday forfeited $153.3million to the Federal Government of Nigeria.

This was sequel to an order by a Federal High Court in Lagos.

The seized money, according to the Economic and Financial Crimes Commission was stolen from the Nigerian National Petroleum Corporation and stashed in three banks in Nigeria, in US dollars and Naira.

Out of the loot, N23.4 billion, another N9.08 billion and $5m were kept in three different Nigerian banks. Justice Muslim Hassan, who gave the order, gave the banks and any other interested party 14 days to appear before him to prove the legitimacy of the monies, failing which the funds would be permanently forfeited to the Federal Government of Nigeria

The judge made the order in favour of the EFCC which appeared before him yesterday with an ex parte application seeking the temporary forfeiture of the funds.

In a nine-paragraph affidavit by an EFCC investigator, Moses Awolusi and filed in support of the ex parte application, the anti-graft agency discovered how sometime in December 2014 Diezani invited a former Managing Director of one of the banks to her office. There, they allegedly hatched the plan of how $153,310,000 would be moved from NNPC to Okonkwo to be saved for Diezani.

Diezani, according to Awolusi, instructed Okonkwo to ensure that the money was “neither credited into any known account nor captured in any transaction platforms” of the bank.

The bank chief accepted and implemented the deal leading to the movement of $153,310,000 from NNPC to his bank.

He averred further that two former Group Executive Directors of Finance and Account of NNPC, B.O.N. Otti and Stanley Lawson, helped Diezani to move the cash from NNPC, Abuja to the headquarters of the bank in Lagos.

Awolusi said in a desperate bid to conceal the source of the money, Okonkwo, upon receiving it, instructed the Country Head of the bank, to take $113,310,000 cash out of the money to the Executive Director, Commercial and Institutional Bank, of another bank, to keep.

He said the remaining $40m was taken in cash to the Executive Director, Public Sector Account, of an old generation bank, to keep.

The investigator said out of the $113,310,000 handed over to Adesanya, a sum of $108,310,000 was invested in an off balance sheet investment using the Asset Management Trustees firm of one of the first three banks.

The money was subsequently converted into N23.4 billion and saved in the bank.

Awolusi said the EFCC had recovered the N23.4bn in draft and had registered it as an exhibit marked, EFCC 01.

The investigator said the EFCC had also recovered another $5m out of the money kept with the Managing Director of another bank.

He said the $5m was recovered in draft and had been registered as an exhibit marked, EFCC 02.

According to him, the old generation bank’s Executive Director, had similarly converted the $40m kept with him to N9,080,000,000. Awolusi, however, said the EFCC had recovered that also in draft and registered it as Exhibit EFCC 03.

When summed together, the total money so far recovered from the former minister comes to about N35b. [Saturday Sun]

21 thoughts on “EFCC Recovers N35 Billion From Ex-Oil Minister Diezani Alison Madueke

  1. But if this is true…though the detailed information looks convincing. My question here is,should she go unpunished? and how much have they recover from Dasuki,Saraki etc?….forfeiting the money is not enough as capital punishment must be applied to serve as deterrent to others.

  2. My new year evolution be say I no understanding why pipul is not repect me. So if I no having money to buy gun, pipul no go respect me? Nonsens.

    • Government servants and people who run financial and other powerful institutions are more dangerous than common gun-slinging criminals. The servants in question habitually hide behind the law operate untouched, whereas gun-slinging crook steal and flee because death awaits them down the road. The parasitic nature of those bureaucrats are partially responsible for the current level of poverty which breeds many a gun-slinging crook.

  3. Deizani Alison Madueke is one of those corrupt public officers that has brought untold hardship,destitution,deprivation and financial catastrophic into the country by means of her criminal act. N35 billion is no small money if we are to use it to provide the highly needed infrastructures so as to resuscitate our prostrate economy. Unfortunately such humongous amount of money is what Alison madueke alone has consumed ! What a shame to our leaders and to Nigeria as a nation.

    Now see her fate, she’s terribly sick and those mind-boggling billions she stashed in the banks could not even race her up from the sick bed. This was once a plumptious and sweet looking woman but look at her now,she’s finished ! Many nigerians have met their terrible end due to abject poverty resulting from embezzlement of public funds by criminal politicians who are merciless and lack the fear of God which this woman is part of. God almighty will pay everyone of you corrupt politicians your reward. You will never escape divine judgement from God for the hardship you’ve subjected millions of nigerians. In one way or the other you will meet your fates.

  4. #ABANK #ONEBANK #ANOTHERBANK #OLDGENERATIONBANK. ALL THESE BANKS, DEM NO GET NAMES? ALL THE MANAGING DIRECTORS OF THESE BANKS SHOULD BE PROSECUTED FOR AIDING THIS CRIME. AND FOR DIEZANI, YOUR TIME IS UP! IF YOU SURVIVE THIS SICKNESS, WILL YOU SURVIVE JAIL. DEATH AND JAIL ROOM ARE FIGHTING OVER YOU RIGHT NOW. I SUGGEST YOU ACCEPT CHRIST NOW BEFORE IT’S LATE. PEACE BE WITH YOU.

  5. where is all these looted funds recovered from looters? all we hear Billions Billions Trillions, yet Nigeria wants to borrow money to help her Recessions.

  6. WHEN WILL THEOPHILUS DANJUMA BE MADE TO RETURN THE $1 BILLION HE TAKE FROM HIS CRIMINAL SALE OF ONE OF NIGERIA’S OIL WELL ????????

  7. MAA’m I wish you well you are a mother,a sister,an aunt, a human being just like the rest of us regardless of what ever your accused of I wish you get better soon and stay blessed.x

  8. those that accuse you let them cast the first stone!!!!!!!! Nigerians are funny people the are estreemly excitable humans the say the hear the did not hear!! the say the say!!!! The did not say!!! And none of you people think and foget that this woman worked tirelessly for this stupid country and became ill doing so!!

  9. RECOVERED MEANING THE MONEY IS WITH YOU GUYS THE EFCC NOW,JUST WONDERING WHAT IS GOING BE THE LAST DESTINATION OF THE MONEY AFTER…

  10. This is the kind of PDP people The Ebele Johnathan People. So who is arguing that PDP people are not thieves? This is Diazani loot what about Johnathan’s?

  11. Hand over to you Patience Jonathan, Madam Peace, You can claim the money, Thank God that Buhari won the election…This useless Alison Diezani need to die and rot in jail…

  12. @Jordan Johnson. I was so shocked reading your comment. It appears you are fully supporting and backing corruption in Nigeria. Can you please tell me what impact Alison Madueke’s working tirelessly has had on our economy other than her shameful embezzlement and misappropriation of public funds,mismanagement and her criminal money laundry act.

    Does the ugly news about this woman’s act of stealing while in office not moved you? Yet you are praising her for what you called her ( working tirelessly). This woman only worked tirelessly to loot what belongs to me and you our generations unborn. Her act of endemic corruption while in office was so shameful and disgraceful to the point that it attracted the attention of one of the world renowned international media the ALJAZEERA who aired out how her properties was seized by our anti graft agencies. Does that not matter to you my friend? Let’s always condemn what is bad. Change start from me and you knowing the truth and holding firm to it and denouncing any form of criminal activities by our leaders.

  13. Ok what about the billions buhari deposited in his Canary Wharf account in uk when he was petrolume minister?????????? Call a spade a bloody spade!!! What about the billions recovered from the looters resently????? Nigerian are still poor isn’t it?? So why is this woman been persecuted are the any better?? Nonsense

  14. Buhari deposited billions in UK bank while serving as oil minister. If your empty propaganda is true,why has that alligation not been proving in any court yet? Not knowing the whereabouts of all the billions recovered from our looters shouldn’t justify the act of stealing by any politicians while In office. So stop supporting corruption. Buhari’s administration someday will surely face its own consequence Of probe should they lack good information as to how the money recovered was spent. You also said alison madueke was persecuted. That sounds absurd ! Was the money recovered from those several banks her personal money,if not the ones she stole while in office? Then tell me how is she being persecuted? Be fair in your way of reasoning. If Nigerians keep supporting corruption the way you do,I wonder when we are going to see any meaningful development in this country.

  15. Let me make it clear and direct I’m not in support of curruption I’m against stealing of any kind these cabals are all the same Nigeria is finished anyway Alison maduekwe is not as bad as you have saying your points are totally understood but there are worst criminals than her self still at large today in this current administration that nobody is talking about why are the not been arrested yet this woman been made a scape goat

  16. @JOHNSON, CRIME CAN ONLY BE LIMITED/REDUCED, BUT IT CAN’T BE QUENCHED. SHE IS NOT THE ONLY ONE BEING INVESTIGATED. THE LIKES OF DASUKI, METU, FFK, OBANIKORO, EVEN PATIENCE JONATHAN, FACE THEIRS. IT DOESN’T MEAN THE PRESENT GOVERNMENT AIN’T CORRUPT. OK, DID YOU EVER IN YOUR KNOW THAT NIGERIA WILL ONE DAY BEGIN CLEANSING? THERE ARE MANY THAT ARE LIVING LARGE RIGHT NOW AND THEIR DAYS ARE COMING (MAY BE IN YOUR OWN ADMINISTRATION).

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