Operatives of the Economic and Financial Crimes Commission (EFCC) has discovered a new $37.5m property linked to former Minister of Petroleum Resources, Diezani Alison-Madueke in Banana Island.
The 15-storey building, which is located on the choice Island in Lagos was allgedly acquired by the ex-minister with proceeds from stolen public funds, The Nation reports.
Quoting a source within the EFCC, the newspaper stated that the ownership of the building was discovered this week in the course of the ongoing investigation of Diezani.
The source said: “The property Building 3, Block B, is a 15 storey edifice comprising 18 flats and 6 penthouses, Bella Vista at Plot 1, Zone N, Federal Government Layout, Banana Island Layout, Foreshore Estate, Off Onikoyi Road, Ikoyi, Lagos.
“The property was acquired by the former minister between 2011 and 2012 at a total cost of $37,500,000USD from the developers, YF Construction Development and Real Estate.