FG Put-up for Sale; Diezani’s Houses, Jewelry and Bras, Badeh’s houses valued too


The Federal Government has started the process of valuing the properties of a number of politically exposed individuals, including Diezani Alison-Madueke, the Embattled Former Minister of Petroleum Resources.

The Diezani property is located in Building 3, Block B, Bella Vista, Plot 1, Zone N, Federal Government Layout, in the posh Banana Island Foreshore Estate, Ikoyi, Lagos, and has 18 flats and six penthouses.

Other significant properties on the list include those of the late Chief of Defence Staff, Air Chief Marshal Alex Badeh, whose homes in Abuja’s Wuse 2 and Maitama high-end neighborhoods were sized.

No. 14 Adzope Crescent, off Kumasi Crescent; 19 Kumasi Crescent, Wuse 2; and 6 Umme Street, Wuse 2 are among the addresses.

125 wedding gowns, 13 small gowns, 41 waist trainers, 73 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 were among the items recovered.

Last Monday, the Federal Government began the process of vetting 613 impartial valuers who will oversee the sale of assets that were allegedly obtained illegally and have now been irrevocably forfeited to it.

There are 1,620 items up for sale in the United States, including vehicles, residences, phones, laptops, watercraft, and other valuables.

The city of Lagos will have the most auctioned property, with 31 residences and 589 automobiles.

284 firms submitted bids for the valuation of landed property, which included residential, commercial, institutional, and underdeveloped pieces of land designated for sale, within the deadline.

Last Monday, Mohammed Etsu, Chairman of the Inter-Ministerial Committee on the Disposal of Forfeited Assets, told Press that 229 requests for the assessment of plants, machinery, motor vehicles, furniture, and equipment had been received.

.Etsu, who is also the Federation’s Solicitor-General, indicated that the committee would establish a unified and transparent approach for the appropriate agencies to secure the seized assets.

The solicitor-general stated that the valuation and due process sub-committee had previously completed a technical review of the bids received from interested valuers, and that only garment materials were currently available for valuation.

Etsu pointed out that pieces of jewelry were still the subject of litigation and hence were not included in the process for the time being, reminding successful valuers of the need of being thorough.


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