Two houses belonging to former Minister seized by EFCC

Two houses belonging to Senator Nenadi Usman, a former Minister of Finance, have been seized by the Economic and Financial Crimes Commission.

Usman was last week, arrested in connection to the N2.5bn which was allegedly paid into her company account, Joint Trust Dimensions Limited, and another N140m allegedly paid into her Zenith Bank Account.

The transfer, which originated from the Central Bank of Nigeria, took place in January 2015, ahead of the last presidential election.

Punch Newspapers reports that while Usman had returned N23m to the Federal Government and also promised to return more money, the EFCC has also sealed off her properties in Abuja.

A source at the anti-graft agency was quoted to have said, “She has been cooperating with us as she has returned N23m and we have also seized two houses belonging to her in Abuja.”

“Since she has been cooperating with us and has also returned some money, she will be granted an administrative bail. She seems to have some health challenges. Also, releasing her will give her the ability to return more funds.”

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