Tag: Recovered assets

Recovered loot: Diezani forfeits jewellery, houses valued at N47.6bn – EFCC

Aminu Imam

Former Minister of Petroleum, Diezani Alison-Madueke forfeited assets worth N47.6 billion to the Federal Government. The EFCC Chairman, AbdulRasheed Bawa, who made this known yesterday, said the jewellery component of the assets was worth N14.6 billion. Bawa disclosed the figures before the House of Representatives ad-hoc committee investigating the status of recovered loot yesterday, in Abuja. He also said that the houses seized from the former Minister are also valued at $80million, about N32.97 billion. The total asset forfeiture is N47.57 billion. The anti-graft chairman said that Diezani’s jewellery is…

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EFCC: Buhari approves Umar’s appointment as Magu remains suspended

Ishaku Yohanna

President Muhammadu Buhari has approved the appointment of Mohammed Umar as the acting head of the Economic and Financial Crimes Commission (EFCC) while its long-serving acting Chairman, Ibrahim Magu, remains suspended. Magu was arrested on Monday, July 6, 2020 to answer questions before a Presidential Panel about his stewardship of the anti-graft agency. Since his arrest and detention, the Federal Government had failed to announce a temporary replacement even though his suspension had also been reported in the media without official confirmation. However, the office of the Attorney-General of the…

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