Tue. Nov 19th, 2019

Nigeria Govt to Auction $40m Jewellery and Houses Recovered From Ex-Minister

The Nigerian Federal government is set to contract international auctioning agencies for the legal sale of $40m jewellery of the country’s former Minister of Petroleum and Mineral Resources, Mrs Diezani Alison-Madueke.

These precious materials were recovered from the former Minister’s Abuja home by the Economic and Financial Crimes Commission. In September, the anti-graft agency secured a court order of permanent forfeiture.

Along with the $40m jewellery, as reported by breakingtimes, the government is set to also auction the ex-minister’s houses in Nigeria, US and in the UK.

The jewellery to be auctioned includes 419 bangles, 315 rings, 304 earrings, 267 necklaces,189 wristwatches, 174 earrings, 78 bracelets, 77 brooches and 74 pendants; all at the top end of the market.

Speaking at a conference on campaign against cybercrime in Abuja on Thursday, the Acting Chairman of EFCC, Mr Ibrahim Magu said that eventually, that Mrs Madueke will be repartrated from London, UK to face Charges of Corruption according to the law.

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