EFCC discovers Diezani’s $37.5m Banana Island Lagos mansion


The Economic and Financial Crimes Commission has discovered a $37.5m (N11.75bn) luxury high-rise building on Banana Island, Ikoyi, Lagos, allegedly belonging to the embattled former Minister of Petroleum Resources, Diezani Alison-Madueke.

Saturday PUNCH learnt that the building comprises 18 flats and six penthouses.

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.

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.” Last year, the commission seized an $18m mansion in the Asokoro area of Abuja allegedly belonging to the ex-minister.

She has, however, denied all the allegations leveled against her.

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