Home NEWS Recovered Diezani loot, “only a tip of the iceberg” – Magu

Recovered Diezani loot, “only a tip of the iceberg” – Magu

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The Acting Chairman of the Economic and Financial Crimes Commission, EFCC, Ibrahim Magu, has described the gigantic loot recovered from embattled former Minister of Petroleum Resources, Diezani Alison-Madueke, as just the beginning.

“What we have recovered so far from Diezani is just the beginning,” Mr. Magu said while being quizzed by TVC news on Thursday. “It is just a tip of the iceberg.”

At least N47.2 billion and $487.5 million in cash and properties has been traced to the former oil minister, Mrs. Alison-Madueke by the anti-graft agency.

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Former Minister of Petroleum Resources, Diezani Alison-Madueke
Former Minister of Petroleum Resources, Diezani Alison-Madueke

The former minister is also being investigated for corruption and money laundering in the United States and the United Kingdom.

Mr. Magu said the EFCC is working with other agencies around the world to unearth more loots linked to Mrs. Alison-Madueke.

“We are moving in and we will recover every loot linked to her. We will get other people she’s worked with,” Mr. Magu said.

Mr. Magu said his greatest challenge since he took up the tough job to man the anti-graft squad is that corruption is fighting back.

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