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$10.3b Probe: EFCC To Seize Diezani’s Assets In America

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10 years ago

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efcc-diezani

Ex-minister ‘acquired properties in associates’ names’ Former Petroleum Resources Minister  Diezani Alison-Madueke is likely to lose some United States properties traced to her.

The Economic and Financial Crimes Commission (EFCC) is  probing Mrs Alison-Madueke for over $10 billion slush funds. It has initiated a process for the seizure of the assets – in line with United States laws. EFCC Chairman Ibrahim Magu has just returned from the United States where he discussed  with the authorities how to attach the properties, The Nation learnt yesterday. In the last one year, the EFCC has traced assets and items worth about $10billion to Mrs. Alison-Madueke and her business associates, Mr. Kola Aluko and Chief Jide Omokore.

Some of the assets include an $18million peoperty (over N6.3billion at N350 exchange rate) in Abuja. A top EFCC source, who spoke in confidence, said: “We have located some assets allegedly owned by Diezani and some of her business associates in the United States. We are already collaborating with the US Government to attach these assets. “In fact, the EFCC chairman, Mr. Ibrahim Magu, spent about one and a half weeks in the US to work with the relevant agencies to trace Diezani’s properties, some of which are believed to have been secured through business fronts like Kola Aluko. “We have submitted relevant documents to the US authorities in order to facilitate the seizure of the assets.” Responding to a question, the source added: “Some of these properties were acquired through some business fronts like Aluko and Omokore. “We even have a in which houses on a street in Switzerland have been traced to an associate of Diezani.”

The EFCC is working with anti-graft agencies in Britain and the United States. “Don’t forget that the EFCC initially secured a Mareva Injunction from Justice O.O. Oguntoyinbo to freeze some foreign accounts and seize some assets linked with Diezani’s associates in the United Kingdom,” the source said. Accounts have been frozen in some of overseas financial institutions.

They include BNP Paribas (Switzerland), LGT Bank (Switzerland), Standard Chartered Bank (London),Barclays Bank (London), Standard Energy (Voduz, Switzerland), HSBC (London), Corner Bank (Lugano, Switzerland) and Deutsche Bank (Geneva). Section 34 (1) of the EFCC Act 2004 empowers the Commission to freeze any account suspected of being used for financial crimes.

The section stipulates that “the chairman of the commission or any officer authorised by him may, if satisfied that the money in the account of a person is made through the commission of an offence under this Act or any enactment specified under Section 6(2) (a)-(f) of this Act, apply to the court ex parte for power to issue or instruct a bank examiner or such other appropriate authority to freeze the account.”

The National Crime Agency (NCA) in the UK arrested and quizzed Mrs Alison-Madueke and four others on October 2, 2015 for alleged bribery, corruption and money laundering.

Also the EFCC has interrogated five more suspects since her interrogation. The NCA last year obtained permission from a Westminster Magistrate’s Court to seize 27,000 pounds from Alison-Madueke and two other women.

Although NCA detectives have visited the country this year in line with the probe, it was unclear as at press time when she will be formally arraigned in court in the UK.

While the UK investigation was in progress, the EFCC uncovered another $115million poll bribery scam in which the ex-minister was implicated.

But Mrs Alison-Madueke has described allegations against her as “cold-hearted” and inhuman because she is ill.

Her statement said in part: “Coming at such a critical time in my life when I am battling cancer, this poorly executed propaganda bares on its face like tribal marks, a clearly malicious attempt to victimise an innocent woman in what appears an exaggerated plot to validate and give credibility to the anti-corruption crusade under Nigeria’s new regime.

“People who are battling cancer or those who have lost their loved ones to this medical condition understand what I am going through at this time. “This is what makes me ponder at the cold-heartedness of those who will go any length to defame and destroy in the name of propaganda. What happened to our shared humanity? ”I have absolute regard for the law and believe that people who have breached the laws that govern societies should be made to face the wrath of the law. “But in a civilized society, a responsible government owes its citizens absolute commitment to the principles of rule of law, equity, fairness and justice. I have been wrongfully and maliciously maligned and those behind this reckless action know it. “I leave them to posterity, their conscience and above all the Almighty God who is the final judge of all.”

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Sahara weekly online is published by First Sahara weekly international. contact [email protected]

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celebrity radar - gossips

General Buratai Backs Son’s Political Ambition, Calls For Greater Youth Inclusion In Governance

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24 hours ago

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May 8, 2026

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General Buratai Backs Son’s Political Ambition, Calls For Greater Youth Inclusion In Governance

 

Former Chief of Army Staff, Tukur Yusuf Buratai, has urged Nigerians to support young people in pursuing their dreams and taking active roles in politics, as he publicly endorsed the political ambition of his son, Tukur Buratai Jnr.

Buratai, a former Nigerian Ambassador to the Republic of Benin, made the call in a statement shared on his verified Facebook page, where he expressed support for his son’s decision to contest for the Biu Constituency seat in the Borno State House of Assembly under the platform of the All Progressives Congress⁠�.

According to the retired military chief, Nigeria’s future depends largely on its youthful population, stressing that excluding young people from governance and leadership would hinder national growth and development.

He noted that Nigerian youths should not merely be regarded as leaders of tomorrow, but as active contributors and solution providers capable of shaping the country’s future today.

Buratai further emphasized the need to create opportunities and an enabling environment for young Nigerians to thrive politically, economically, and socially, describing youth inclusion as critical to nation-building.

The endorsement of Captain Buratai Jnr, a pilot, is being viewed by political observers as a symbolic transfer of leadership ideals, discipline, and patriotism from one generation to another.

His candidacy is also expected to inject youthful energy and fresh perspectives into legislative representation in Biu Constituency ahead of future political contests.

As preparations gradually begin towards the next electoral cycle, Buratai’s message is likely to resonate among young Nigerians seeking greater participation in governance and public service.

 

General Buratai Backs Son’s Political Ambition, Calls For Greater Youth Inclusion In Governance

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Buratai Celebrates Ex-Internal Affairs Minister, General Magoro, At 85

Published

2 days ago

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May 7, 2026

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Buratai Urges FG to Form School Safety Task Force

Buratai Celebrates Ex-Internal Affairs Minister, General Magoro, At 85

 

 

Former Chief of Army Staff, Tukur Yusufu Buratai, has paid glowing tribute to retired Major General Muhammadu Magoro on the occasion of his 85th birthday, describing him as “a national hero and a general par excellence.”

 

 

 

In a congratulatory message issued on Thursday, Buratai hailed Magoro’s decades of service to Nigeria, noting that his military and political careers remained a model of patriotism, discipline, and leadership.

Magoro, who holds the traditional title of Mutawallen of Kebbi Kingdom, served as a commander during the Nigerian Civil War, later becoming Minister of Internal Affairs and a senator during the Second Republic.

 

Buratai said the retired general’s contributions to national development and security had earned him recognition both within and outside Nigeria.

 

 

 

 

He also acknowledged Magoro’s role in mentoring younger military officers, including himself, stressing that the elder statesman’s guidance and professional conduct had inspired generations of military leaders.

 

 

The former army chief recalled recently reconnecting with Magoro during the 25th anniversary celebration of the Arewa Consultative Forum in Kaduna, describing the meeting as symbolic of the enduring bond among those who had served the nation selflessly.

 

 

 

 

“As you mark this 85th birthday, I pray that Almighty Allah continues to bless you with good health, peace of mind, and many more fruitful years,” Buratai stated.

 

 

 

He further noted that Magoro’s legacy would continue to inspire future leaders across military and civilian institutions in the country.

 

 

 

Buratai concluded the message by wishing the elder statesman a memorable celebration, declaring that “Nigeria salutes” him for his sacrifices and enduring service to the nation.

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Laffmattazz Announces Strategic Partnership with First Bank of Nigeria Limited for 2026 International Tour

Published

2 weeks ago

on

April 24, 2026

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Laffmattazz Announces Strategic Partnership with First Bank of Nigeria Limited for 2026 International Tour

 

 

 

Laffmattazz, one of Nigeria’s foremost comedy and live entertainment brands, is pleased to announce its official partnership with First Bank of Nigeria Limited for the highly anticipated Laffmattazz 2026 International Tour, themed “Next Chapter: A New Season of Laughter.”

 

Now in its 15th year, Laffmattazz—the brainchild of renowned Nigerian comedian Gbenga Adeyinka (Gbenga Adeyinka 1st)—has evolved into a cultural phenomenon, celebrated for its seamless fusion of comedy, music, and live stage performances.

 

The 2026 tour, which kicked off on Easter Sunday, April 5th, 2026 at the Jogor Centre, Ibadan, marks a significant milestone in the brand’s journey. Building on over a decade of success across Nigeria, this year’s edition signals a bold expansion into the international market, with a multi-city run in Canada, alongside major stops in Akure, Abeokuta, and Lagos.

 

This strategic partnership with First Bank of Nigeria Limited underscores a shared commitment to excellence and innovation. It is also aligned with FirstBank’s First@Arts initiative—a significant and ongoing program dedicated to supporting the creative arts, entertainment, and cultural sectors. Through this initiative, FirstBank provides financing, advisory services, and actively fosters a sustainable value chain for artists and creative entrepreneurs, while supporting key industry platforms such as the Nigerian Entertainment Conference.

 

Speaking on the collaboration, the Laffmattazz team stated:

 

“We are delighted to welcome First Bank of Nigeria Limited as a strategic partner for the Laffmattazz 2026 International Tour. As we mark 15 remarkable years of Laffmattazz, this partnership reinforces our vision to take premium Nigerian entertainment beyond borders, while delivering even bigger, better, and more memorable experiences for our audiences.”

 

As a key partner, First Bank will enrich the tour through innovative customer engagement initiatives, experiential activations, and exclusive fan experiences across all tour locations.

 

With its distinctive blend of humor, culture, and live entertainment, the Laffmattazz 2026 Tour is poised to connect audiences across cities and continents, bringing laughter to thousands of fans worldwide.

 

⸻

 

About Laffmattazz

 

Laffmattazz is a premier Nigerian comedy and entertainment brand, now in its 15th year, renowned for its vibrant live shows and nationwide tours. Founded by Gbenga Adeyinka 1st, the brand continues to deliver high-quality experiences that celebrate creativity, culture, and laughter.

 

About First Bank of Nigeria Limited

 

First Bank of Nigeria Limited is Nigeria’s oldest financial institution, widely respected for its legacy of trust, innovation, and customer-centric financial solutions that support economic growth and development. Through its First@Arts initiative, the Bank continues to play a pivotal role in empowering the creative industry and driving sustainable growth across the sector.

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