Nigerian Government Begins To Sell Off Diezani’s Jewellry, Badeh’s House, Other Forfeited Assets

The Federal Government has begun the process for the valuation of property belonging to several politically exposed persons, including the embattled former Minister of Petroleum Resources, Diezani Alison-Madueke.

The Diezani property located in highbrow Banana Island Foreshore Estate, Ikoyi, Lagos, include 18 flats and six penthouses located at Building 3, Block B, Bella Vista, Plot 1, Zone N, Federal Government Layout.

Other notable property listed include those belonging to the late Chief of Defence Staff, Air Chief Marshal Alex Badeh, whose houses in the Wuse 2 and Maitama high-end neighbourhoods of Abuja were seized.

They include No. 14 Adzope Crescent, off Kumasi Crescent; 19 Kumasi Crescent, Wuse 2; and 6 Umme Street, Wuse 2.

Other recovered items listed are 125 pieces of wedding gowns, 13 pieces of small gowns, 41 pieces of waist trainers, 73 pieces of hard flower, 11 pieces of suit, 11 pieces of invisible bra, 73 pieces of veils, 30 pieces of braziers, two pieces of standing fan, 17 pieces of magic skits, six packets of blankets, one table blanket and 64 pairs of shoes.

The Federal Government had last week begun the process of screening 613 independent valuers expected to manage the sale of the assets alleged to have been illegally acquired, which have now been permanently forfeited to it in about 25 locations throughout the country.

The total number of property marked for auction across the country is 1,620, including cars, houses, phones, laptops, vessels and other valuables.

Lagos has the highest number of property that will be auctioned, including 31 houses and 589 vehicles.

At the expiration of the deadline, 284 firms submitted bids for the valuation of landed property, including residential, commercial, institutional and underdeveloped plots of land slated for disposal.

The Chairman, Inter-ministerial Committee on the Disposal of Forfeited Assets, Mohammed Etsu, told journalists lasts week that 229 proposals were received for the valuation of plants, machinery, motor vehicles, furniture and equipment, while 75 companies submitted bids for the valuation of water vessels for disposal, and 25 companies presented bids for the valuation of jewellery, ornaments and clothing materials for disposal.

Etsu, who is also the Solicitor-General of the Federation, stated that the committee would ensure a harmonised and transparent process to safeguard the recovered assets by the relevant agencies.

The solicitor-general said the sub-committee on valuation and due process had earlier conducted the technical evaluation of the bids received from interested valuers, adding that only clothing materials were available for valuation at the moment.

Etsu noted that pieces of jewellery were still subjects of litigation and therefore were not part of the process for now, reminding the successful valuers of the need to be thorough.

Diezani, who was minister under former President Goodluck Jonathan, has been in the United Kingdom since 2015 and has refused to return to Nigeria ever since.

The Chairman, Economic and Financial Crimes Commission, Abdulrasheed Bawa, stated before the House of Representatives in May that jewellery worth N14bn was seized from Diezani.