Two wristwatches worth £600,000, £1.4 million seized from Diezani, Omokore




The Economic and Financial Crimes Commission (EFCC) yesterday seized expensive jewellery and wristwatches during various raids on houses of some suspects on Banana Island, Ikoyi, Lagos, and other places.

The source added that the items seized from the suspects would be displayed to journalists in Nigeria while the summit of 60 world leaders, including President Muhammadu Buhari, would take place on May 11 and 12 in the United Kingdom.


The EFCC source added that a wristwatch worth 1.4m pounds was seized from the wife of the Chairman of Atlantic Energy Drilling Concepts Nigeria Limited, Mr. Jide Omokore.

He stated that a wristwatch of about £600,000 was seized from a former Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, during a raid on her residence.

The firm of Omokore, who was quizzed in January by the commission, was one of the companies that allegedly received multi-billion dollars worth of public assets without due process from the Jonathan administration.

The company, which was established in 2010, had reportedly not explored any oil when it was curiously awarded controlling stakes in two lucrative oil blocks, OML 30 and 34, for just over $50m each.

The deal, which was signed by Jonathan’s Minister of Petroleum Resources, Diezani Alison-Madueke, gave Atlantic Energy Limited a controlling 55 per cent stake

The former minister had been interrogated by the Metropolitan Police on issues relating to money laundering.

The EFCC source said the commission had started analysing information on Nigerians, including the President of the Senate, Dr. Bukola Saraki, and others mentioned in the Panama Paper leaks.

It was gathered that the commission had seized one hospital equipment known as MRI, Medical Resonance Image, from Amosu. The equipment is worth N2.6bn.

The EFCC had previously recovered over N2.3bn cash from Amosu, while properties worth over N1bn had been seized from him.
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  1. still witch hunt?????? they have strangled this Economy and drain it

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  2. Fani kayode amd Fayose is this witch haunt again. pls answer

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  3. PMB is now in power. Can you tell him to perform. It is not getting any easier. We are not interested in all these publications. Try them in court and if guilty, jail or kill them according to the law of the land. All we are interested in is improved power, fuel, food prices etc. Have you wondered why there is still that comparison btw this administration and previous? Becos PMB is not performing. QED

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  4. When did it became a crime to be awarded an oil license in Nigeria? Did Danjuma, Alakija, Indimi etc have drilling companies before they were awarded oil license? Will Buhari's continued vengeance mission stop the killings by the Fulani murderers?

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  5. Hmmmm, is not fear our leader,you take the whole money and live lesprevilage stave with hunger. Are you going To your grave with for unforeseen circumstances.??? All that is impossible.

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  6. Hypocrisy! That's it. Mtchew!APC fighting corruption with the likes of Tinubu, Fashola, Amaechi et all calling the shots in the party. They must think that Nigerians are bloody fills!

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  7. This EFCC will never stop displaying its foolishness. Of all their properties, na only wrist watch una fit seize. Who wan put on the watch? Who una wan sell d watch to? Foolish people who don't know how to do their job unless the president tell them wat to do.

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  8. Really tired of all these stories, becoming very annoying.

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  9. Please we need actions, enough of this stories before Nigeria be written off.

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