The Economic and Financial Crimes Commission (EFCC) has uncovered a fresh sum of $72.87 million allegedly belonging to a former Minister of Petroleum Resources, Diezani Alison-Madueke.
The commission had accused Diezani of stealing $2.5 billion from the Federal Government’s coffers during her stint as a minister under ex-President Goodluck Jonathan’s administration.
She left the country for the United Kingdom after President Muhammadu Buhari defeated Jonathan in the 2015 election.
The EFCC had since seized some of the properties linked to Diezani and commenced the process for her extradition from the UK.
Some of the properties include duplexes and blocks of flats in Foreshore Estate, Ikoyi, Lagos, and other valuable items.
The anti-graft agency confirmed the discovery of the funds in a statement on Wednesday.
It added that a former Managing Director of Fidelity Bank, Nnamdi Okonkwo, had been arrested over funds.
The statement read: “As part of the ongoing investigations into the former Minister of Petroleum Resources, Diezani Alison-Madueke, the Economic and Financial Crimes Commission, EFCC, has arrested a former Managing Director of Fidelity Bank Plc, Nnamdi Okonkwo, allegedly over an additional $72, 870,000 million still in the coffers of the bank.
“Okonkwo, who is currently the Chairman of First Bank Holding, alongside others, had earlier been grilled over a sum of $153million and $115million by the Commission.
“While all the $153 million was recovered by the EFCC, the cases involving $115million, as it relates with the Independent National Electoral Commission (INEC) bribery matter, are in various courts.
“Okonkwo and Charles Onyedibe are currently being detained by the EFCC over the whereabouts of the new $72.8m.”
Join the conversation
Support Ripples Nigeria, hold up solutions journalism
Balanced, fearless journalism driven by data comes at huge financial costs.
As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.
If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.
Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.
SPECIAL REPORT: Illegal miners degrade Ekiti community, engage in child labour
The activities of illegal miners in a community in Ekiti State have caused degradation of the environment, as miners engage...
SPECIAL REPORT: Inside the illegal trading of forest woods in Cross River community
“With a N20,000 bribe, an external buyer can influence the youth in host communities , Cross River State, to cut...
SPECIAL REPORT: Enugu govt watches as waste takes over state, threatens public health, environment
In this report, Arinze Chijioke looks at how delays in evacuation of waste in Enugu State encourages indiscriminate waste disposal, its health implications, and how...
INVESTIGATION: NDDC awards N1bn road contract to poultry farm
The Niger Delta Development Commission (NDDC) in what appears a breach of procurement laws, awarded a contract worth N1.028 billion...
FEATURE… Hard job, low income: Agony of Nigerian commercial drivers
Amid increase in fuel price over the years, coupled with bad roads and insecurity in Nigeria, many commercial drivers have...