The Chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, on May 28, disclosed that the jewelry forfeited by the former Minister of Petroleum Resources, Diezani Alison Madueke is worth N14.4 billion.
Bawa made the disclosure when he appeared before the House of Representatives Committee.
“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”.
Bawa also noted that the estimated value of the houses seized and forfieted from Diezani is $80million and that all the assets are in the custody of the commission and have not been sold.
The House of Representatives Committee is assessng the status of all recovered loot moveable and immovable assets from 2002 2020 by agencies of government.
Diezani was a serving Minister under the Good luck Jonathan administration.