Former Minister of Petroleum in Nigeria under President Goodluck Ebele Jonathan administration, Diezani Alison Madueke nefarious act has been reviewed by The Economic and Financial Crime Commission (EFCC), following her multimillion dollar embezzlement.
Abdulrasheed Bawa, the EFCC boss who was referring to the former Minister of Petroleum, Diezani that a minister bought $37.5 million real estate property from a bank and deposited $20 million in cash.
Following the statement of Bawa, he said “We got the $37.5 million real estate property from her.”
While featuring on Sunrise Daily, a Channels Television programme, on Tuesday, the EFCC chairman, Bawa, had stated that about 90 to 100 percent of resources were being laundered through the real estate sector.
He further explained how the EFCC body investigated a female minister, who he said, bought $37.5 million property from a bank and deposited $20 million in cash.
He did not disclose the name of the minister.
According to the EFCC boss, he said “One of the problems we have in the country is the real estate. 90 to 100 percent of the resources are being laundered through real estate. Of course, they are being regulated but they are not enough in terms of how they give their returns to the Special Control Unit.
“We investigated a matter in which a bank MD marketed the property to a minister and agreed to purchase it at $37.5 million. The bank then sent a vehicle to her house to evacuate $20 million from her house in the first instance.
“The bank succeeded to put it in their system and paid the developer and then a lawyer set up a special purpose vehicle where the title documents were transferred into and of course, he is posing as the owner of the house.”
Diezani has been alleged of countless cases of corruption, money laundering, and recoveries from her made by the anti-graft agency.
On May 28, the EFCC had said it seized jewellery worth N14 billion from the former Minister of Petroleum.
The EFCC Chairman had made this known at the House of Representatives ad hoc committee investigating the assessment and status of recovered loot in Abuja.
He also said that the houses seized from the former Minister are valued at $80 million.
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