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| Alison Deziani Madueke Former Minister of Petroleum, Probed by the EFCC for embezzlement of public funds. |
The Anti graft Agency (EFCC) are likely to have found a solution in the ongoing investigation into the missing of $18.5 billion revenue earned by the Nigerian National Petroleum Corporation (NNPC) during Goodluck Jonathan‘s administration.
As if that’s not enough, the Commission reportedly traced eight suspected Dubai assets to a former Managing Director of the Pipelines and Product Marketing Company (PPMC) an arm of NNPC, Mr. Haruna Momoh.
Following the The Nation’s report, the assets are. Like to be put under temporary Forfeiture once the verification is completed by a team in Dubai.
It was also learnt that Momoh, who is said to be a loyalist of former Minister of Petroleum Resources, Diezani Alison-Madueke, would go through series of interrogation by the Anti-graft agency EFCC detectives,
He is expected to give details of how the nation’s incurred $205 million kerosene subsidy under his watch went.
Authorities are on Momoh’s movement and assets, especially in the United Arab Emirates and Swiss Cottage, London, St. John’s Wood, London, New York and Lagos.
On the list of the houses in the United Arab Emirates (UAE) are; First Group Marina Hotels, Al-Seba Street, Plot 394-426, Dubai, AE-AJ United Arab Emirates; Unit 503, one-bedroom Heritage, 5th Floor located at First Central Dubai Media City TECOM, off Sheikh Zayed, TECOM Al- Barsha 3 Dubai; Unit 1910 ES Heritage, 19th Floor located at First Central Dubai Media City TECOM, off Sheikh Zayed, TECOM Al- Barsha 3 Dubai; a Unit 2507 Dubai Sports City; Unit 314 Dubai Sports City; and Unit 1002, TECOM BARS 125616.
Others are Unit 1402, PS 14th Floor located at Metro Central, TECOM, near Internet City Metro Station, Dubai ( UAE); Unit 712, ES 7th Floor located at First Central, off Sheikh Zayeed, TECOM, Al-Barsha 3 Dubai( UAE); Unit 512, 5th floor located at First Group Marina Hotels, Al-Seba Street, Plot 394-426, Dubai AE-AJ UAE.
A member of the Anti-graft agency said :
“Preliminary findings by our team showed that the ex-PPMC has a case to answer bordering on allegations of serving as a front for a former Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, the alleged $205 million kerosene subsidy scam while in charge of the subsidiary of NNPC; and the controversial $18.5b earnings by NNPC which have not been effectively accounted for.
“We have a report of the forensic audit of NNPC and its subsidiaries by Price Waterhouse Coopers which confirmed Premium Motor Spirit (PMS) and kerosine subsidy fraud. We need Momoh to clarify some issues.”
According to the source, about $18.5 billion unaccounted earnings of NNPC are under check.
“Again, the ex-Minister, Momoh and heads of subsidiaries are under probe. The PwC specifically identified $36.05m ‘over-statement’ in PPPRA’s PMS subsidy payment advice to the NNPC. The report recommended that the NNPC and its subsidiary, the Nigerian Petroleum Development Company, should refund to the Federation Account ‘a minimum of $1.48b’. All these references referred to an audit report initiated by the administration of ex-President Jonathan,” an insider source said
He added that the agency is collaborating with “relevant agency in Dubai in order to attach the houses under Interim Forfeiture. We are hopeful that the Mutual Legal Assistance Treaty (MLAT) will hasten the forfeiture.”
Sections 7 of 28 and 34 of the EFCC (Establishment Act) 2004 and Section 13(1) of the Federal High Court Act, 2004 mandate the agency to seize suspicious assets.
Source: pulseng.
