Estimated Value Of Diezani Alison-Madueke’s Forfeited Houses Is $80M – EFCC

The Economic and Financial Crimes Commission has come out to say that the pieces of jewellery seized from former Minister of Petroleum Resources, Diezani Alison-Madueke, have been valued at about N14.460 bn.

Chairman of the EFCC, AbdulRasheed Bawa, recently revealed this at the House of Representatives on Friday, and Nigerians have been reacting.

According to him, it is compulsory for the estimated value to be revealed to the chosen ad hoc committee, and members of the committee were definitely shocked.

He also revealed that the value of the houses forfeited by the Ex-minister have been valued at about $80m as well.

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Diezani K. Alison-Madueke (born 6 December 1960) is a Nigerian politician and the first female President of OPEC. She was elected at the 166th OPEC Ordinary meeting in Vienna on 27 November 2014. She became Nigeria’s minister of transportation on 26 July 2007. She was moved to Mines and Steel Development in 2008, and in April 2010 was appointed Minister of Petroleum Resources.

Diezani K. Agama was born in Port Harcourt, Rivers State, Nigeria. Her father was Chief Frederick Abiye Agama. She studied Architecture in England and then at Howard University in the United States. She graduated from Howard with a bachelor’s degree on 8 December 1992.

She returned to Nigeria and joined Shell Petroleum Development Corporation that year. In 2002, she attended Cambridge Judge Business School for her MBA degree.

After returning to Nigeria, Diezani Alison-Madueke was appointed as an Executive Director in Shell in 2006. She was the first woman ever to be appointed by Shell as an Executive Director in Nigeria.