EFCC says jewellery worth N14.4bn forfeited by Diezani

Pieces of jewellery seized from a former Minister of Petroleum Resources, Diezani Alison-Madueke, has been valued at about N14.460bn, the Chairman of the Economic and Financial Crimes Commission, AbdulRasheed Bawa said on Friday.

Bawa disclosed the “estimated value” of the forfeited pieces of jewellery to an ad hoc committee of the House probing the status of recovered loot at an investigative hearing.

Members of the committee and the audience at the venue were shocked by the revelation.

The EFCC boss also told the lawmakers that the houses finally forfeited by the Ex-minister have been valued at about $80m.

Details later…