Diezani rents London flat, as rooted wealth fades away…

Diezani Alison-Madueke, former minister of petroleum resources, is no longer the woman she used to be. The multi-million dollar jewelry and multi-million dollar houses are fading into history as she comes to terms with the new realities of her life.

TheCable understands that with her UK property worth over £11 million now treated as “proceed of crime” and subject to forfeiture, she has had to “step down” her taste: she now lives in a rented flat in the same London building housing the $2.8 million property allegedly bought for her by Jide Omokore and Gbenga Aluko, her business associates.

The Economic and Financial Crimes Commission (EFCC) has frozen accounts linked to the former minister, including those belonging to family members and known associates. This makes it virtually impossible for her to access money from any source and she is now living off the goodwill of those who still remember her.

Nigerian courts have already forced Alison-Madueke to forfeit her property at Banana Island, Lagos. It reportedly has 24 apartments, 18 flats and six penthouses valued at $37.5 million.

She was also recently forced to forfeit about N7.6 billion “hidden” in a Nigerian bank, in addition to the temporary forfeiture of property worth $21,392,224 across Nigeria.

– The Cable