Wristwatch Worth £600,000 Recovered From Diezani


The Economic and Financial Crimes Commission (EFCC) has recovered a wristwatch worth £600,000 from former Minister of Petroleum, Diezani Alison-Madueke.

According to a report by Punch, a source at the agency also disclosed that a £1.4m wristwatch was equally seized from the wife of the Chairman of Atlantic Energy Drilling Concepts Nigeria Limited, Jide Omokore.

The source said the items seized from the suspects would be displayed to journalists in Nigeria. He also disclosed that President Muhammadu Buhari would be attending the summit of 60 world leaders taking place on May 11 and 12 in the United Kingdom.

diezani madueke

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Diezani Alison-Madueke who was one of the major key persons in the Goodluck Jonathan administration, was arrested in October last year by the UK National Crimes Agency, alongside four other people. She was charged with looting and money laundering in the United Kingdom using a network of relatives and businessmen.

Mr. Jide Omokore, who was also an alleged ally was arrested and questioned by the EFCC operatives on January 27 in connection with series of multi-billion dollar petrol import and crude export deals made by his company Atlantic Energy Drilling Concepts Nigeria Limited.

His oil firm was awarded a controlling stake in two profitable oil blocks, OML 30 and 34, for about $50 million each despite the company’s lack of experience in the area of oil exploration. The deal was said to have been signed by the then minister of Petroleum Resources, Alison-Madueke, thus giving Omokore’s firm a 55 percent controlling stake in the oil.

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The EFCC has also reportedly uncovered $12.9 billion more arms deal fraud during former President Goodluck Jonathan’s administration which has brought the arms funds diverted to other uses to $15billion as against the initial probe which covered only $2.1billion.

“We have discovered that the total money in the arms scandal is over $15bn, not $1.2bn that was initially discovered. The $2.1bn was just for one transaction. Many of these military officers set up companies for the purpose of diverting money meant for the prosecution of the anti-insurgency war,” the source said