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‎EFCC Recovers Deziani’s $37.5m Mansion In Banana Island [Update]

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EFCC on twitter confirmed that it recovered $37.5m mansion in Banana Island, Ikoyi, Lagos owned by ex- Petroleum Minister, Deziani Allison-Madueke.

The Economic and Financial Crimes Commission (EFCC) on twitter on Saturday confirmed media report that the agency recovered a whopping sum $37.5 million mansion in Banana island, Ikoyi, Lagos.

The said mansion is owned by former Minister of Petroleum Resources, Deziani Allison- Madueke.

The $37.5 million mansion was discovered 48 hours when the agency revealed how ‎ $9.7m and £74,000 was recovered from a former GMD of the NNPC, Mr. Andrew Yakubu.

‎‎A National Newspaper in Nigeria had reported the recovery of $37.5 million mansion in Banana Island, Ikoyi, Lagos state.

According to the agency handle, “We recorded another breakthrough in the course of our investigation of the former minister of Petroleum Resources, Deziani Alison- Madueke.

“A whooping $37.5m was recovered in one of her Lagos mansion.”

Investigation revealed that ‎Properties on Banana Island are believed to be among the most expensive in Africa with a plot of land selling between $4m (N1.25bn) and $6m (N1.8bn), according to Forbes Magazine.

It was discovered that the  property was acquired through shell companies by the former minister at upscale Banana Island in Lagos.

According to the report, “The property was acquired by the former minister between 2011 and 2012 at a total cost of $37.5m 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.”

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