Reps Frown At Delay By EFCC In Disposing Assets Seized From Allison Madueke

29 May 2021 By Aisha Adesanya

The House of Representatives has queried the Economic and Financial Crimes Commission, EFCC over the delay in disposing assets seized from the former Petroleum Minister, Diezani Alison-Madueke.

The Chairman of the Adhoc Committee on Assessment and Status of All Recovered Loots Movable and Immovable Assets from 2002 to 2020 by Agencies of the Federal Government of Nigeria for Effective Efficient Management and Utilisation, Adejoro Adeogun, expressed his displeasure when the Chairman of the commission Abdulrasheed Bawa, appeared before the committee.

The Chairman noted that it was not ideal to continue keeping such recoveries worth about forty six billion naira as they were losing value over time.

According to him these assets should be auctioned to raise more revenue for Nigeria as the country grapples with paucity of funds.

Earlier, the EFCC chairman Abdulrasheed Bawa had explained that though they got the forfeiture order for assets recovered from the former Petroleum Minister in 2019, the assets were yet to be auctioned.

He added that the estimated value of Diezani Allison’s jewelry in naira is fourteen point four billion, while the value of the houses seized from the former Minister of Petroleum, is worth eighty million United States dollars.

He however attributed the delay in disposing the assets to long court processes and administrative exigencies.

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