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DIEZANI: EFCC traces $1.5b to Swiss bank

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Nigeria is set to activate one of the agreements it signed with the United Arab Emirates to seize some mansions traced to former Oil Minister Diezani Alison-Madueke, The Nation learnt at the weekend.

Besides, the Economic and Financial Crimes Commission (EFCC) has traced about $1.5billion believed to be proceeds of crime to a Swiss account as part of the ongoing probe of the former minister.

The anti-graft agency has allegedly linked the loot with the ex-minister and four of her business associates.

Four detectives on Friday left Nigeria for the United Kingdom with more clues on Mrs Alison-Madueke’s alleged loot.

The detectives have gained access to two exotic mansions belonging to the former minister in Dubai, the United Arab Emirates (UAE), ahead of an Assets Forfeiture process by the Federal Government.

The properties are located in E146 Emirates Hill Dubai and J5 Emirates Hill Dubai.

Nation, September18, 2017

 

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