Nigeria: How Much Did Former Oil Minister ‘Steal’?

3 Oct 2017   Nigeria

Cape Town — Diezani Alison-Madueke, served under former president Goodluck Jonathan from 2010 to 2015 and was Nigeria’s first female minister of petroleum resources. She has been accused of corruption and misappropriation of the country’s funds during her administration. Since leaving office in 2015, Alison-Madueke has been implicated in bribery, fraud, misuse of public funds, and money-laundering cases in Nigeria, Britain, Italy and the United States. The former minister is alleged to have stolen at least U.S.$90 billion from the state. Do you know how much US.$90 billion is? The Acting Chairman of the Economic and Financial Crimes Commission, Ibrahim Magu, described the assets recovered from embattled former minister, as just the beginning. A string of court ordered forfeitures has already began after the Economic and Financial Crimes Commission applied to the courts to reclaim the money and the property on behalf of the government. The anti-graft agency has […]

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