Diezani Alison Madueke has taken her place in history as one of Nigeria’s biggest looters and certainly has emerged the number 1 female treasury looter of all time, according to data released by the Economic and Financial Crimes Commission.
Earlier this week, Justice Chuka Obiozor, a vacation judge sitting at the Federal High Court in Ikoyi, Lagos, ordered the permanent forfeiture of the former petroleum minister’s $37.5 million Banana Island estate in Ikoyi to the Federal Government.
However that asset merely scratched the surface in terms of the minister’s illicit wealth begotten from converting the financial wealth of the Nigerian state to her personal piggy bank.
information gleaned from a new report from the Economic and Financial Crimes Commission alleges that Mrs. Madueke stashed N23.4 billion and $5 million cash in several banks in the country.
This massive loot was also accompanied by precious gemstones including diamonds, emeralds, gold bouillon, and silver discovered in one of her opulent Abuja abodes.
All the revelations were contained in a document titled “Diezani Alison-Madueke: What an appetite,” released by two officers in the EFCC’s Public Affairs Directorate, Tony Orilade and Aishah Gambari.
In total N47 billion and $487 million worth of cash and properties were traced to the former oil baroness by the EFCC.
Details of the properties reveal multi-million and multi-billion properties scattered in choice areas of the Lagos metropolis and seat of power in Abuja.
“Also in Lagos, Alison-Madueke allegedly bought a block of six units serviced apartments at number 135, Awolowo Road, Ikoyi, just a few hundred metres away from the EFCC zonal operations hub.
“The apartment has a standby power generating set, sporting facilities, play ground and a water treatment plant. The property was bought at the rate of N800 million (Eight hundred million naira) on January 6, 2012.
“Other properties in Yaba, Lagos, also discovered by the eagle eyes of the Commission’s operatives, are located at number 7, Thurnburn Street and 5, Raymond Street. The Thurnburn Street property consists of 21 mixed housing units of eight four-bedroom apartments, two penthouse apartments of three bedrooms each and six three-bedroom (all en-suite) terrace apartments.
“The Raymond Street property is made up of two en-suite 2-bedroom apartments and one four bedroom apartment.
“The Yaba, Lagos properties, which dug a deep hole of an eye-popping N1billion (One billion naira), were paid for on May 30, 2012. The same day Alison-Madueke splashed N900 million for the Port Harcourt estate.
“In Lekki Phase one, an upscale neighbourhood of Lagos, operatives found a twin four-bedroom duplex. The duplex is located on Plot 33, Block 112, Lekki Peninsula Residential Scheme Phase 1, Lekki, Lagos, with an estimated value of over N200million (Two hundred million naira).
“Also in Lagos, a large expanse of land at Oniru, Victoria Island, Lagos has also been traced to the former Petroleum Resources Minister. The land, which is located in Oniru Chieftaincy Family Private Estate, Lekki peninsular, Lagos and currently being utilised as a dumping site, was bought on February 16, 2012 for N135million (One hundred and thirty- five million naira).
“Plot 8, Gerard Road Ikoyi, Lagos, another property traced to Alison-Madueke, is a penthouse on the 11th floor in the Block B Wing of the building. It was bought for N12million (Twelve million naira) on December 20, 2011.”
Cool, Calm & Calculating Looting Machine, Diezani Madueke
The document added: “On Plot 10, Frederick Chiluba Close, in the serene, upscale Asokoro District of Abuja, lies a tastefully built and finished duplex. In the compound, there are also a guest chalet, boy’s quarters, an elegant swimming pool, fully equipped sports gym and a host of other amenities.
“Investigators have discovered that the property acquired by the ex-minister in December, 2009, at the cost of N400 million (Four hundred million naira) was never declared in any of the asset declaration forms filed by Alison-Madueke.
“Also linked to the former Minister in Abuja is a mini-estate at Mabushi, Abuja. The estate, located on Plot 1205, Cadastral Zone B06, Mabushi Gardens Estate, houses 13 three-bedroom terrace houses, each with one bedroom en-suite maid’s quarters. It was purchased on April 2, 2012 at the princely sum of N650million (Six Hundred and Fifty Million Naira).
“In Aso Drive, Maitama, Abuja, Alison-Madueke reportedly acquired a six bedroom en-suite apartment made up of three large living rooms, two bedroom guest chalets, two-bedroom boys quarters, two lock up garages and a car park. It was bought on July 20, 2011 for N80million (Eighty million naira).
“Down South in Nigeria’s oil city of Port Harcourt, the former minister’s acquisitive appetite took her to Heritage Court Estate, located on Plot 2C, Omerelu Street, Diobu Government Residential Area, Phase 1 Extension, Port Harcourt.
“The Estate, which is made up of 16 four-bedroom terrace duplexes, is equipped with, among other facilities, a massive standby power generating set. Alison-Madueke did not blink as she shelled out N900million (Nine hundred million naira) for it on May 30, 2012.
“In neighbouring Bayelsa State, an apartment with two blocks of flats, all en-suite, and with a maid’s quarters was also traced to her. The house located on Goodluck Jonathan Road, Yenagoa is sitting on a large expanse of land.
“Realtors spoken to by EFCC investigators have placed estimated values running into hundreds of millions of Naira on the property. The apartments have four living rooms, eight bedrooms and gold-plated furniture.”