EFCC Uncovers $37.5m Mansion Linked to Diezani Alison-Madueke at Banana Island, Lagos

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The Economic and Financial Crimes Commission (EFCC) said it has discovered a new $37.5m property linked to former Minister of Petroleum Resources, Diezani Alison-Madueke in Banana Island.

The 15-storey building which is located on the choice Island in Lagos was acquired by the ex-minister with proceeds from stolen public funds.

Quoting a reliable source within the EFCC, the newspaper stated that the ownership of the building was discovered this week in the course of the ongoing investigation of the former minister.

The source said: “The property Building 3, Block B, is a 15 storey edifice comprising 18 flats and 6 penthouses, Bella Vista at Plot 1, Zone N, Federal Government Layout, Banana Island Layout, Foreshore Estate, Off Onikoyi Road, Ikoyi, Lagos.
“The property was acquired by the former minister between 2011 and 2012 at a total cost of $37,500,000USD from the developers, YF Construction Development and Real Estate.

“It was acquired in the name of a Shell company, Rusimpex Limited under the control of a certain Mr. Afamefuna Nwokedi in Lagos.

The EFCC source also said the agency might seize the property.

“We will do this after the completion of investigation and obtaining of all title documents.”