EFCC uncovers $37.5m Banana Island mansion belonging to former Petroleum Minister, Dieziani Alison-Madueke

EFCC says it has uncovered a $37.5m mansion belonging to former Minister of Petroleum Resources, Diezani Alison-Madueke at Banana Island, Lagos. A statement by the antigraft agency states that the mansion on Building 3, Block B, is a fifteen storey edifice comprising of 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 allegedly acquired by the former minister between 2011 and 2012 at a total cost of Thirty Seven Million, Five Hundred Thousand United States Dollars ($37,500,000USD) from the developers, YF Construction Development and Real Estate.

The property was allegedly acquired in the name of a shell company, Rusimpex Limited under the control of certain Mr. Afamefuna Nwokedi of Stillwaters law firm, in Lagos.

The investigation continues.