The Economic and Financial Crimes Commission (EFCC) has seized jewelry worth N14 billion from former Minister of Petroleum, Diezani Alison-Madueke.
Mr. Abdulrasheed Bawa, the Chairman of the Economic and Financial Crimes Commission (EFCC), revealed during the House of Representatives ad hoc committee investigating the assessment and status of recovered loot on Friday in Abuja.
He also noted that the anti graft agency seized houses valued at 80million dollars from the former Minister.
Among also seize are jewellery which is still in the custody of the agency, Bawa said. Adding that it had not been auction but had been finally forfeited to the Federal Government.
Bawa said that court processes, procedures and administrative exigencies had stalled some of the seized assets to be auctioned by the anti graft agency.
However, said that the agency would henceforth deal with the seized assets case by case at the courts in order to quickly disposed the assets.
“Already the Federal Government has set up a committee under the chairmanship of the Solicitor-General for the Federation and I think they are working tirelessly.
This according to him is to ensure that assets that are not only recovered by the EFCC be disposed off.
“We have EFCC representatives from that committee and we believe at the end of the day Nigerians are going to appreciate what that committee will come out with in terms of the mandate given to them,” he said.
Asked when the committee would wind up so the assets could be disposed, Bawa said that he was not a member of the committee to know how soon the assets were going to be disposed.
Bawa said that in its quest to transform the agency, it would soon digitalise its processes, adding that it had also created and upgraded four additional department to restore confidence.
He listed the departments to include: Intelligence, procurement, Internal Affairs and the Information Communication Technology Department.
He said that there was no loot that had been re looted as been speculated , stressing that going forward, the EFCC would be different and Nigerians would be the better for it.
He said that he would always honoured the National Assembly to account for what the agency had done, adding that public servants come and go but the institution would remain.