December 10, 2024

The Federal Government has begun the process for the valuation and sale of property belonging to the former Minister of Petroleum Resources, Diezani Alison-Madueke which were forfeited to the government. (Read More Here).




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

Other recovered items listed for sale include 125 pieces of wedding gowns, 13 pieces of small gowns, 41 pieces of waist trainers, 73 pieces of 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.

Meanwhile, other notable properties listed include those belonging to the late Chief of Defence Staff, Air Chief Marshal Alex Badeh, whose houses in the Wuse 2 and Maitama high-brow neighbourhoods of Abuja were confiscated by the Federal Government.

Last week, the Federal Government started the process of screening 613 independent valuers expected to manage the sale of the assets alleged to have been illegally acquired, which have now been permanently forfeited to it in about 25 locations throughout the country. The total number of properties marked for auction across the country is 1,620, including cars, houses, phones, laptops, vessels and other valuables.


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