The Economic and Financial Crimes Commission EFCC has said the pieces of jewellery seized from a former Minister of Petroleum Resources, Diezani Alison-Madueke, have been valued at about N14.460 billion.
The EFCC chairman disclosed the “estimated value” of the forfeited pieces of jewellery on Friday when he appeared before the House of Representatives ad-hoc committee investigating the assessment and status of recovered loot.
Bawa also told the lawmakers that the houses finally forfeited by the Ex-minister have been valued at about $80 million.
The anti-graft chairman said Diezani’s pieces of jewellery are still in the custody of the agency, adding that it had not been auctioned but had been finally forfeited to the Federal Government.
He however said that the agency would henceforth deal with the seized assets case by case at the courts in order to quickly dispose of the assets.