Economic and Financial Crime Commission (EFCC) has calculated the value of assets seized from Diezani Allison-Madueke.
Gatekeepers News reports that the properties taken hold of from former Minister of Petroleum include pieces of jewellery worth N14 billion.
The EFCC Chairman, Abdulrasheed Bawa, revealed this on Friday while at the House of Representatives ad hoc committee investigating the assessment and status of recovered loot.
He said that the Houses seized from the former Minister are also valued at $80million.
Bawa said that Diezani’s pieces jewellery are still in the custody of the agency, adding that they have not been auctioned but finally forfeited to the Federal Government.
He said that court processes, procedures and administrative exigencies had stalled some of the seized assets to be auctioned by the anti-graft agency.
Bawa however said that the agency would henceforth deal with the seized assets case by case at the courts to quickly disposed the assets.
“Already the Federal Government has set up a committee under the chairmanship of the Solicitor-General for the Federation and I think they are working tirelessly.
“We have EFCC representatives from that committee and we believe at the end of the day Nigerians are going to appreciate what that committee will come out within term of the mandate given to them,” he said.
Stating when the committee would wind up so the assets could be disposed, Bawa said that he was not a member of the committee to know how soon the assets were going to be disposed.
Bawa said that in its quest to transform the agency, it would soon digitalise its processes, adding that it had also created and upgraded four additional departments to restore confidence.
He listed the departments to include: Intelligence, procurement, Internal Affairs and the Information Communication Technology Department
He said that no loot had been re looted as being speculated, stressing that going forward, the EFCC would be different and Nigerians would be the better for it.