FG Begins recovery of Stolen Properties of Ministers

FG Begins recovery of Stolen Properties of Ministers in power

The Federal Government has begun the process for the valuation of properties belonging to several politically exposed persons, including the embattled former Minister of Petroleum Resources, Diezani Alison-Madueke.
 
Punch reports that the former Petroleum minister’s property located in 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 properties 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 properties marked for auction across the country is 1,620, including cars, houses, phones, laptops, vessels and other valuables.

 
The Chairman, Inter-ministerial Committee on the Disposal of Forfeited Assets and Solicitor-General of the Federation, 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.