The Economic and Financial Crimes Commission(EFCC) has claimed that it is awaiting presidential order to auction the jewellery seized from former Minister of Petroleum Resources, Diezani Alison-Madueke. The jewellery , according to EFCC boss is valued at about 14.46 billion naira and houses estimated at 80 million US dollars.
AbdulRasheed Bawa, chairman of EFCC made this known on Friday in Abuja during his appearance before the House of Representatives Ad Hoc Committee on Assessment and Status of All Recovered Loots Moveable and Immovable Assets from 2002 to 2020 by Agencies of the Federal Government for Effective Management and Utilisation.
Replying to Reps Member Adejoro Adeogun’s question about the whereabouts of the jewellery, Bawa said they are in their custody as they have not yet been auctioned as the Commission is looking forward to the presidential committee auctioning all those items and depositing the money appropriately.
Adeogun, however , said that given the financial situation of the country, it would have been best if the items were auctioned and the money put to good use .
Meanwhile, several members of the panel were shocked when Bawa said the jewellry were valued at about 14.46.billion naira.
Bawa also said a lot of processes were involved before any auction will take place.
