Pages

Monday, 17 July 2017

Diezani and Kola Aluko 's Dubai Properties Seized by EFCC


According to TheNation, EFCC has seized some properties belonging to Mrs. Diezani Alison-Madueke, Kola Aluko and a certain, former Oceanic Bank oga. Via TheNation.........

About five luxury properties have also been traced to a former official of the defunct Oceanic Bank.
“The EFCC still has a valid Mareva Injunction to freeze some foreign accounts and seize some assets linked with Diezani and her business associates in the United Kingdom and some jurisdictions.

“Some of the offshore financial institutions, where accounts are frozen, include BNP Paribas (Switzerland), LGT Bank (Switzerland), Standard Chartered Bank (London),Barclays Bank (London), Standard Energy (Voduz, Switzerland), HSBC (London), Corner Bank (Lugano, Switzerland) and Deutsche Bank (Geneva).

“Besides the luxury properties traced to Diezani and Aluko in the US, we have identified more in Dubai.

“So far, we have commenced the process of ensuring the forfeiture of these assets by the suspects. The EFCC is also verifying the assets linked with Aluko’s business partner, Chief Jide Omokore in Dubai too.

“All the steps taken so far are in line with the relevant laws in the UAE and the six agreements signed with Nigeria when President Buhari went on official trip.”

According to the source, the EFCC believes that “some of the assets were bought with part of the $1.5billion oil production contracts.

”These oil barons and their ilk acquired these properties when Dubai was a safe haven for looted funds. But the UAE has strengthened its laws in a manner that there is no more hidden place for the corrupt,” the source said, adding that the only hurdle the EFCC has to cross is the legal process in the UAE to retrieve the assets. “We are already employing the Mutual Legal Assistance Agreement to get this done.” He said.

The Federal Government has ratified all the agreements with the UAE. This development will hasten asset recovery and retrieval of looted funds.
 

No comments:

Post a Comment

Thanks For Coming.Join in the discussion, air your views in the comment box below .

Related Posts Plugin for WordPress, Blogger...