Real Name: Diezani K. Alison-Madueke
Date of Birth: Born on December 6, 1960
Age: 58 years old (2019)
State of origin: Rivers State
Net Worth: $3.2 billion
Diezani K. Alison-Madueke Biography
Diezani K. Alison-Madueke is now one of the most sought after names on the web and some questions that have often been asked about her are; Where does Diezani Alison Madueke come from?
In this article we will see the biography of a Nigerian political woman named Diezani Alison-Madueke. While we do justice, we will list the facts that you did not know about her, such as her complete profile, date of birth, state of origin, early growth, investments, education and everything worth knowing.
Diezani K. Alison-Madueke is a politician and the first female Minister of OPEC. She was elected to become the 166th regular OPEC meeting in Vienna on 27 November 2014. On 26 July 2007, Diezani K. Alison-Madueke was elected Nigerian Transport Minister. She was transferred to Mines and Steel Development in 2008 and in April 2010 was appointed Minister of Oil Resources.
Deziani Alison Mmaueke was born as Diezani K. Agama in Port Harcourt, in the state of Rivers, Nigeria, on 6 December 1960, son of the chief Federico Abiye Agama. High-profile Nigerian politics graduated in architecture and studied in England and then at Howard University in the United States. Subsequently, Deziani graduated Howard with a bachelor’s degree on December 8, 1992 and returned to Nigeria and joined Shell Petroleum Development Corporation the same year. Advancing rapidly until 2002, he attended Cambridge University to obtain his MBA. In April 2006, Shell appointed her as the first executive director in Nigeria.
CAREER AND LIFE
Diezani Alison-Madueke has held three important posts in the Nigerian federal government. She was appointed Minister of Transport in July 2007. On 23 December 2008 she was appointed Minister of Mines and Steel Development. After Vice President Goodluck Jonathan became interim president in February 2010, he dissolved the cabinet on March 17, 2010 and swore in a new cabinet on April 6, 2010 with Alison-Madueke as oil resources minister.
Minister of Oil Resources
As a minister of oil resources, Alison-Madueke is committed to transforming Nigeria’s oil and gas industry so that all Nigerians benefit.
In April 2010, President Goodluck Jonathan signed the Nigerian law on content, which aimed to increase the percentage of oil industry contracts granted to indigenous companies in Nigeria, a reaction to the domination of the sector by foreign operators.
One of the most controversial policies introduced by Alison-Madueke was the government’s plan to eliminate state subsidies on fuel prices. Alison-Madueke supported the suspension of the subsidy “because it represents a huge financial burden for the government, disproportionately benefits the rich, [and] encourages inefficiency, corruption and the diversion of scarce public resources away from investment in critical infrastructure “.
Alison-Madueke was the first woman to hold the role of oil resources minister in Nigeria, and in October 2010 she became the first woman to head a national delegation to the OPEC bi-annual conference. She was also the first female transport minister and the first woman to be appointed a member of the board of directors of Shell Petroleum Development Company Nigeria. On 27 November 2014, she was elected as the first female OPEC president.
When he worked in male-dominated industries, Alison-Madueke said he warned the young women he had advised while he was at Shell “changing their way of thinking”.
A segment of PBS NewsHour cited US and British officials stating that former oil minister Diezani Alison-Madueke could personally organize a $ 6 billion (N1.2 billion) deviation from Nigerian treasury. She was arrested in London on 2 October 2015.
She was accused of the $ 20 billion lack of oil agency liability. A former governor of the Central Bank of Nigeria (CBN), Sanusi, commented again during an interview with PBS on December 2, 2015. Sanusi believes he was fired from the Central Bank of Nigeria because he left the public on charges of miss $ 2 billion from the Nigerian National Petroleum Corporation (NNPC) under the direction of Alison-Madueke. Alison Madueke states that Sanusi made the accusations of retaliation after she did not help him be named president of the African Development Bank (AfDB) and rejected his accusation.
She was accused of awarding billions of dollars from Naira without a fair trial and recklessly spending public funds. as well as wasting billions of Nigerian dollars inappropriately on private planes.
In October 2009, the Nigerian Senate accused Diezani Alison-Madueke and recommended a judicial proceeding for the transfer of 1.2 billion naira to the private account of a toll company without due procedure and in violation of the concession agreement .
The Nigerian commission for economic and financial crime has officially accused her in court of “money laundering”.
Diezani K. Alison-Madueke Age
How old is Diezani K. Alison-Madueke? Diezani K. Alison-Madueke was Born on December 6, 1960, currently 58 year old as at 2019
Diezani K. Alison-Madueke Education
Which School did Diezani K. Alison-Madueke attended? Diezani K. Alison-Madueke High-profile Nigerian politics graduated in architecture and studied in England and then at Howard University in the United States. Subsequently, Deziani graduated from Howard with a three-year degree on December 8, 1992 and returned to Nigeria and joined Shell Petroleum Development Corporation the same year. Advancing rapidly until 2002, he attended Cambridge University to obtain his MBA. In April 2006, Shell appointed her as the first executive director in Nigeria.
Diezani K. Alison-Madueke Net Worth
Putting all his assets and endorsement deals into consideration, Diezani K. Alison-Madueke has an estimated net worth of $3.2 billion US Dollar, according to several sources,
Diezani K. Alison-Madueke Net Worth in naira
Diezani K. Alison-Madueke net worth in naira is Calculated to be #1,158,112,000,00 Billion naira with the conversion rate of #360 per dollar ($3.2 billion * 360 = 1,158,112,000,00)
Federal Cabinet Positions
Diezani Alison-Madueke has held three important posts in the federal government of Nigeria. She was appointed Minister of Transport in July 2007. On 23 December 2008 she was appointed Minister of Mines and Steel Development. After Vice President Goodluck Jonathan became interim president in February 2010, he dissolved the cabinet on March 17, 2010 and swore in a new cabinet on April 6, 2010 with Alison-Madueke as minister of oil resources …
Diezani K. Alison-Madueke Husband
Deziani Alison Madueke married her husband, Admiral Allison Madueke in 1999, who is now retired. Admiral Allison Madueke was once head of the Naval Staff, which has repeatedly served as state governor of Imo and Anambra. Their union is blessed with two children, Chimezie Madueke and Ugonna Madueke. In September 2011, the Nigerian Defense Academy, Kaduna, awarded Alison-Madueke an honorary doctorate in Administration Sciences.
Federal Cabinet Positions
Diezani Alison-Madueke has held three important posts in the federal government of Nigeria. She was appointed Minister of Transport in July 2007. On 23 December 2008 she was appointed Minister of Mines and Steel Development. After Vice President Goodluck Jonathan became interim president in February 2010, he dissolved the cabinet on March 17, 2010 and swore in a new cabinet on April 6, 2010 with Alison-Madueke as oil resources minister.
Minister of Petroleum Resources
Diezani Alison-Madueke was elected Minister of Oil Resources and promised to transform Nigeria’s oil and gas industry so that all Nigerians benefit.
While still a minister of oil resources at the time of Goodluck Ebele Jonathan as president of Nigeria, the Nigerian law on content was promulgated, which aimed to increase the percentage of oil industry contracts assigned to indigenous companies in Nigeria, a reaction to the domination of the sector by foreign operators.
One of the most controversial policies introduced by Alison-Madueke in the oil industry was the elimination of subsidies to fuel prices. Alison-Madueke marked the idea of ending the motive for subsidies, because “it represents a huge financial burden for the government, disproportionately benefits the rich and encourages the inefficiency, corruption and diversion of scarce public resources away from investment in critical infrastructure “.
Alison-Madueke, which is generally considered an “Iron Lady” policy, put an end to a rule in Nigeria in which only men dominate the oil sector, having been the first woman to play the role of oil resources minister in Nigeria. was also the first woman to lead the country’s delegation to OPEC’s annual conference in October 2010. Alison-Madueke was the first woman to become Nigeria’s transport minister and the first woman to be named Shell Petroleum board member Development company in Nigeria. He has successfully marked many trends in the country by teaching his female countermeasures how to do politics the right way.
On November 27, 2014, Deziani Alison Mmadueke was elected the first female OPEC president. On the question of men dominating the oil sector, Alison-Madueke said he warned the young women that he directed Shell to “change their way of thinking”. That’s why they’re not winning in the country’s oil sector.
About Diezani K. Alison-Madueke parent
Diezani K. Alison-Madueke Parent are yet to be known to the public, we will keep you updated as soon as we get latest update about his parent
Diezani K. Alison-Madueke House
Diezani K. Alison-Madueke Cars
It all started during the Diezani period
Alison-Madueke became Nigeria’s oil minister when
US and British officials said the former oil
The minister could have personally organized a $ 6 billion diversion (N1.2
billion) of the Nigerian treasury.
In addition to being arrested on October 2, 2015 in London, Alison-Madueke was charged and accused of:
- Chief of $ 20 billion missing from the oil agency
- Assign multi-million dollar contracts without resorting to due process
- Lavishly spending incessantly public funds
- Wasting billions of dollars (money from Nigerian tax payers) inappropriately on private planes.
A survey report sent by some Italian prosecutors accused former president Goodluck Jonathan, Diezani and others in a $ 1.3 billion Malabu oil fraud.
former governor of the Central Bank of Nigeria (CBN), Sanusi Lamido Sanusi
It was also made public on a charge that $ 2 billion was missing
the National Petroleum Corporation of Nigeria (NNPC) below
The direction of Alison-Madueke, but rejected his accusation saying that the
the former governor of the CBN is getting revenge because he didn’t help him get
appointed president of the African Development Bank (AfDB).
During the ongoing graft war, the Commission for Economic and Financial Crimes (EFCC) confiscated a $ 18 million mansion belonging to Alison-Madueke, a building located in the Asokor area of FCT, Abuja.
The agency has also linked other assets worth millions into its name, such as the Hotel Le Meridien in Port Harcourt.
Leaked Telephone Conversation
The telephone conversation between Diezani, Kola Aluko and Jide Omokore was
disclosed by US prosecutors and cited Ms Alison-Madueke as
“We stuck our necks out regarding the SAA and we supported it.”
The Central Bank of Nigeria (CBN) under the governorship of Mr. Sanusi
Lamido Sanusi reported that AEDC “had neither the technical expertise
nor the capital to develop the joint venture, but [was] nonetheless able
to lift crude and retain the proceeds…up to 70% of the profit of the
The Bank noted that the arrangement was designed
“for the purpose of acquiring assets belonging to the [Federal Republic
of Nigeria] and transferring the income to private hands.”
AEDC & AEBD Connection
and AEBD, were allegedly incorporated in July 2010, about three months
after Mrs. Alison-Madueke became Petroleum Resources Minister and were
awarded eight oil mining leases (OMLs) evidently on procedural
manipulations carried out by the ex-minister.
According to a
report by the Sahara Reporters, the billion-dollar deal delivered
astounding wealth to Messrs. Omokore and Aluko, who bought and renovated
luxury London properties for Diezani and renovated the properties,
bought her furniture worth millions of dollars and cater for her living
and lifestyle expenses in London.
Aluko and Omokore have allegedly drenched themselves in obscene
opulence, including the acquisition of a $50 million luxury condominium
in New York and the $80 million yacht, Galactica Star by the former – a
yacht which reportedly hosted the 32nd birthday of American music superstar, Beyonce, as she travels on the yacht with her husband JayZ in 2013.
Court papers revealed that Messrs. Aluko earned over $1.5billion in
revenues from the sale of Nigeria’s crude oil and that the sum was
laundered into the US and the United Kingdom through the purchase of
properties and other luxury items for themselves and Mrs Alison-Madueke.
While the EFCC investigates other corruption allegations and charges, she later implicated other top governments and bank officials who participate in syphoning the oil funds.
Alison-Madueke was diagnosed with cancer and reportedly receiving
treatment in the United Kingdom. She is currently facing a series of
multi-billion dollar fraud-related investigations by Nigerian and UK
Alleged Fraud: Ex-minister Alison-Madueke’s absence stalls her arraignment
The absence of the former oil resources minister, Diezani Alison-Madueke, on Monday interrupted his indictment in the Superior Court of the Territory of the Federal Capital, Apo.
The former minister, currently resident in the United Kingdom, is charged with five charges bordering on conspiracy, fraud and illegal acts of acceptance and granting of bonuses with the former president of the Atlantic Energy Drilling Company Olajide Omokore.
As a result, Judge Valentine Ashi arranged for the two defendants to read the charges on Monday 4 March after issuing an arrest warrant before Ms. Alison-Madueke was arrested.
Faruk Abdullahi, the lawyer for the Economic and Financial Crimes Commission (EFCC), told the court that the duo’s appearance would not be maintained because the former minister and his co-defendant were not in court.
Abdullahi explained that the anti-graft agency had sent a request to the Federation Attorney General (AGF), Abubakar Malami, to begin the repatriation process of Ms. Alison-Madueke in the United Kingdom.
He said the absence of the second defendant (Omokore) was linked to the commission’s inability to serve him in court proceedings.
The prosecutor therefore asked the court for a new referral to allow the squad to fix his home.
The attorney of Mr. Omokore, Adeniyi Adegbonmire, Nigeria’s principal lawyer (SAN), said that although his client was ready to be tried, the correct procedure must be followed to begin the process.
“My Lord, the prosecution does not seem to be diligent with the accusation of this case. In fact, I was the one who informed him this morning that my client was not present, “he said.
Judge Ashi said the prosecution has no excuse for not serving the second defendant who was in the country.
According to the judge, the EFCC must show diligence in following up the case or being ready to stop it.
Therefore, the judge postponed the case until May 22 for a new hearing.
Messrs Alison-Madueke and Omokore must be prosecuted on charges of five charges bordering on conspiracy and illegal acts of acceptance and corruption.
The EFCC said the defendant conspired at different levels to commit fraud.
The anti-graft agency also stated that the former minister accepted the property donation, described as “Penthouse 22, Block B, Admiralty Estate, Ikoyi” and “Penthouse 21, Building 5, Block C, Banana Island, Lagos “.
The EFCC stated that the alleged crime violated the provisions of sections 26 (1) and 17 of the 2000 EFCC Act.
On December 5, 2018, Judge Ashi ordered the police, the EFCC, the Department of State Services (DSS) and others to present Ms. Alison-Madueke in court within 72 hours.
Judge Ashi gave the order, after an ex parte motion filed in court by the anti-theft agency’s lawyer. (YAYA)
$90 billion loot: Diezani finally breaks silence
The former oil resources minister, Diezani Allison Madueke, eventually spoke of several allegations of financial irregularities directed against her by the Economic and Financial Commission for Crimes, EFCC.
Diezani said he never stole money from Nigeria.
The former minister made the request in a statement released yesterday.
He said the anti-graft agency was taking advantage of his silence to try to condemn it in the media, hence his response.
Let us recall that the EFCC alleged that Diezani Alison-Madueke, a former oil resources minister, had lost $ 153.3 million to the federal government by order of a higher federal court.
The declaration of Diezani, made available to journalists in Abuja, states: “I wish to declare that I cannot give up what has never been mine.
“I do not know the bases on which the EFCC has decided to say that I am the owner of these funds since no proof has been provided before the order was obtained, and in fact they have not provided me with the order or any proof from the they got “.
“Allow me to categorically re-declare as I have always kept it, for the record, I have not stolen or ever stolen money or disappointed the federal government of Nigeria. I am willing to respond to the accusations made against me that follow correctly established procedures”, he said.
The former minister challenged the EFCC to publish details of the National Petroleum Corporation of Nigeria, the NNPC accounts from which $ 153.3 million was withdrawn.
She also reported that the Italian prosecutor’s office accused her of sharing the spoils of the $ 1.3 billion OPL 245 oil block agreement, which involved Malabu and the joint venture partners, ENI (AGIP) and the Royal Dutch joint venture . It was false.
He continued: “Let me state once again that this is another product of the author’s imagination, which, given the persistent commitment to guarantee my destruction and hit all the sins of corruption that have plagued the oil industry and the gas over the last 30 years over my head, probably emanated from the EFCC itself.
“I would like to clarify the story of OPL 245, also known as Malabu. You will find a complete chronology in the attached report that I presented to the House of Representatives at the end of 2011 (Annex 2A / Annex-2B).
“In 2010, shortly after being appointed Minister of Oil Resources, I was struck by the problem of OPL 245. I investigated the case and I immediately understood the intrinsic and long-standing sensitivities surrounding this problem.
“From the outset it was clear that this case was not within the direct remit of the Minister of Oil Resources, but, in general, focused on issues of law.
“At the time, there was already an investigation and requests from the International Center for the Solution of Investment Disputes (ICSID) against the FGN for billions of dollars.
“Therefore, we take directives from the nation’s legal director; Attorney General and Minister of Justice. In all these matters, the right process was followed at the letter at all times.
“I want to state categorically that I have never had discussions on this topic, with people or entities outside the official channels.
“As Minister of Oil Resources, I did not participate in any activity related to financial payments in the Malabu area, except those legally ordered to the Minister of Petroleum Resources by the Petroleum Law.
“My role in this matter was purely statutory, as required by the law on the Petroleum Law 3.
“In response, I chose not to insult, accuse or demonize any person or person. Despite all the accusations made against me, none has actually been proven.
“I am very proud of the fact that all the policies, principles and plans that I have started in the oil and gas sector still support the whole structure. This is because they were implemented taking into account the good of the entire nation and its people.
“They were not factions or tribals, nor were they based on religious prejudice.
“I am a woman from the Niger Delta who, through perseverance and hard work, rose to one of the highest positions in the main international oil company in the country, and in keeping with my spirit of hard work, I won the prestigious Il British Foreign Commonwealth Chevening Scholarship Award and was later admitted to my MBA program at the renowned Cambridge University, “he said.
Nigeria seizes $21m linked to Diezani Alison-Madueke
The former Nigerian oil minister has been involved in cases of fraud and abuse of public funds at home and abroad.
A Nigerian court seized $ 21 million of bank accounts linked to Diezani Alison-Madueke, a former oil minister who was facing corruption charges.
Abdulazeez Anka, a federal judge from the superior court, ordered on Monday the immediate confiscation of the amount held in local bank accounts by Alison-Madueke, who was once one of the most important political women in Africa.
The Nigerian Commission for Economic and Financial Anti-Theft (EFCC), which accuses Alison-Madueke of corruption, claimed in the Lagos court that it had illegally laundered the funds with the help of senior oil officials.
OPINION: Why does Buhari not free Nigeria from corruption?
Since leaving office in 2015, Alison-Madueke has been involved in bribes, fraud, misuse of public funds and money laundering cases in Nigeria, Great Britain, Italy and the United States.
Alison-Madueke, former president of the global oil cartel of OPEC and first woman to hold the office, has always denied the accusations, involving billions of dollars transferred from oil agreements and state accounts.
Monday’s ruling followed two requests from the EFCC that earlier this month successfully confiscated assets worth $ 44 million that Alison-Madueke would buy with the proceeds of corruption.
The court also ordered the provisional confiscation of 56 homes connected to the former minister worth $ 9 million.
Nigeria is recovering from a series of corruption scandals by senior officials.
In early April, the EFCC discovered $ 43 million in cash during a raid on an apartment in Lagos.
After the discovery, the National Intelligence Agency (NIA) of Nigeria stated that the money belonged to the organization, which led President Muhammadu Buhari to suspend his head, Ayodele Oke
It is also suspended and under investigation is Lawal Babachir, secretary and ally of Buhari for a long time, after his accusations by the legislator for an alleged scam of 200 million Naira ($ 635,000).
Malabu: Jonathan, Diezani, Adoke hid documents showing fraudulent payments – Nigerian govt
On Thursday, the Nigerian government claimed that former president Goodluck Jonathan and other officials working in his government could hide or fail to document fraudulent payments in the controversial Malabu oil scandal.
The government charged in a new skeletal discussion presented through its lawyers during a case management conference on Thursday.
The topic was presented on behalf of the government by lawyers representing Nigeria, including Roger Masefield, Richard Blakeley and Ben Woolgar.
Other officials appointed as accomplices by the government are the former oil resources minister, Diezani Alison-Madueke, and the former Federation Attorney General, Bello Adoke.
In May, the government accused Jonathan and Allison-Madueke of accepting bribes and violating the country’s laws to negotiate the $ 1.3 billion oil deal in 2011.
In documents that promoted the London lawsuit against the multinational Shell and Eni, lawyers of the Nigerian government claimed that the officials conspired to “receive bribes and obtain secret profits”, preventing the government from obtaining the amount owed by the agreement.
“Bribes have been paid. The acceptance of these bribes and the participation in the program of said officials violated their fiduciary duties and the Nigerian criminal law, “the presentation, shown by PREMIUM TIMES, showed.
In the judicial presentation, obtained by the London partners of this newspaper, Finance Uncovered, the Nigerian government has also claimed damages for about 3.5 billion dollars from the oil giants Eni and Shell from the controversial agreement on the Malabu oil. The government has accused Eni, Shell, Malabu and others accused, among other things, of “fraud and / or corruption, dishonest assistance and illicit means of conspiracy”.
In his reaction, Jonathan, who is not under investigation on the matter, strongly denied the accusation.
A statement by Ikechukwu Eze, a former media adviser to the media, described the accusation that Jonathan acted corruptly and could receive bribes as “laundered falsehood that is patently dishonest, cheap and predictable”.
The controversial Malabu scandal foresees the transfer of approximately 1.1 billion dollars by oil multinationals, Shell and ENI, through the Nigerian government on accounts controlled by a former Nigerian oil minister, Dan Etete.
Prosecutors said that half of the money ($ 520 million) went to the accounts of companies jointly controlled by Abubakar Aliyu, popularly known in Nigeria as the owner of the AA and Etete oil.
Investigators and activists suspect that Aliyu showed up for the top officials of the Jonathan administration, as well as for Shell and ENI officials.
The transaction was authorized in 2011 by Jonathan through some of his cabinet ministers, and the money was the payment of the block, considered one of the most profitable in Nigeria.
Although Shell and ENI initially stated that they did not know that the money would end up with Etete and his cronies, the evidence showed that this statement is false.
Later, Shell admitted that he knew that the money would go to Mr. Etete. Shell, Eni, Etete, Aliyu and several oil company officials have been prosecuted in Nigeria and Italy for their role in the scandal.
In the new topic of July 11 and seen by PREMIUM TIMES, lawyers of the Nigerian government revealed that Jonathan and others named as “authors” in the controversial payment of Malabu have probably not created documents that reflect the alleged “fraudulent” scheme “.
The charges were made in response to some persistent controversies arising from the acceptable disclosure model between the applicant (Nigerian government) and the defendant (JP Morgan Chase) regarding the payment of Malabu.
“It is inherently unlikely that the perpetrators of the fraudulent system that worked for the FRN (including President Jonathan, Attorney General Adoke and the oil resources minister, Allison-Madueke) have created documents that reflect the regime,” he said. argument of the court. .
“Even if they did, it is even less likely that they would have left them in the corresponding ministry or other government warehouse when they left office.
“As explained in Cary2, the lawyers of the FRN, PRC, have already carried out an awareness-raising exercise in Abuja and visited the relevant ministerial buildings, consulting the competent personnel.”
The lawyers claimed that the result of their results showed that there is no evidence to look for on the subject in the Nigerian government offices.
“There are no electronic documents available for research because neither the FRN itself nor the competent ministries maintain any type of electronic mail server or electronic document archiving system,” the document reads.
“The main method of communication within the FGN at that time was a system of memorandums and written letters, which were then filed in” Registers “in each of the competent ministries. For the reasons set out in section (1) above, the documentation is unlikely to contain significant material that will help the Court to assess whether there was actually a fraud in the FRN. ”
Jonathan was not immediately reached Thursday night. The same applies to Mrs Alison-Madueke.
During a telephone interview on Friday morning, Adoke denied acting badly.
He said: “The fact is that after the documentation for the agreement was established and sent to the relevant government agencies, the Office of the Attorney General of the Federation (AGF) had no role in paying the funds.
“If you are looking for documents related to Malabu payments, you must contact the Ministry of Finance and the Office of the General Accountant. They should leave me out of this business.
“The AGF does not make or approve payments on behalf of the government. I have done my homework diligently and in the best interest of Nigeria. The court ruled that I did my job on the basis of the conviction and the administration directive for which “I worked. The court clearly stated that I did nothing wrong. That sentence was not disputed.”
“It is surprising that the government went to a foreign court to ridicule Nigeria in this way, saying that they could not find documents because they could have been hidden by former government officials.”
“That reckless argument reveals the stupidity of people trying to destroy me at all costs. In the fullness of time, all the truth will be revealed and God will destroy them all.
“Be it clear, I did my job well and I left honorably. I have not hidden or removed any documents. If your case collapses, they should find other ways to save it. They should renounce ridiculing Nigeria with incomprehensible and unfounded claims . ”
On July 5, a Lagos division of the Federal Superior Court ordered the provisional confiscation of jewels worth about $ 40 million for the Nigerian government.
Nigeria’s ex-oil minister will have to give up $153 million in stolen cash
In what may be the first major victory publicized by the corruption of President Muhammadu Buhari, the government will demand up to $ 153.3 million in funds taken from the controversial former Nigerian oil minister, Diezani Alison-Madueke.
Alison-Madueke, 56, who fled Nigeria shortly after Buhari came to power in May 2015, was arrested a few months later in London on charges of money laundering and was granted bail, although they confiscated his Nigerian passport. A close confidant of former president Goodluck Jonathan, the former minister is often cited as one of the most heinous examples of corruption in Jonathan’s regime. The US television program CBS, 60 minutes, said Sunday that Alison-Madueke was in possession of a diplomatic passport from the Caribbean island of Dominica, presumably to solve problems with his Nigerian passport.
The funds, stolen by the Nigerian national oil company NNPC, under the supervision of Alison-Madueke, were confiscated by the country’s anti-corruption agency, EFCC. The money was found in three different local banks in a combination of local cash and US dollars. Legally, Alison-Madueke “temporarily lost” the funds and the judge granted the parties concerned 14 days to present their request or the funds would be seized by the Nigerian government.
Buhari has promised to end corruption in Nigeria’s government and institutions when he campaigned for the presidency in 2015. The country claims to have recovered up to $ 9.1 billion in stolen funds, but has refused to identify looters . It has been reported that some former politicians and individuals have silently returned stolen funds in exchange for immunity.
The lack of clear evidence that Buhari is overcoming corruption is particularly frustrating for Nigerians who expected the culprits to be tried and imprisoned to deter future politicians. But unlike his time as a military ruler, the Buhari government had to deal with the slow machinations of the Nigerian legal process and even expressed frustration.
While many Nigerians would be eager to see corrupt politicians and officials accused of being tried and convicted, the most urgent need could be to recover funds, especially money hidden in Swiss banks and the like. The drop in prices and oil production forced the economy into a recession last year and the lack of foreign currency created difficulties for local businesses.