The Chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, has said the female minister who bought a $37.5 million property is not in President Muhammadu Buhari’s cabinet.
During an interview with Sunrise Daily, a Channels Television programme, on Tuesday, he had disclosed that EFCC investigated a female minister, who bought $37.5million property from a bank and deposited $20 million cash.
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He had also identified the real estate sector as a major conduit for money laundering.
Bawa observed 90 to 100 percent of stolen public funds are used for the procurement of houses and lands.
“We investigated a matter in which a bank MD marketed a property to a minister and agreed to purchase it at $37.5 million.
“The bank then sent a vehicle to her house to evacuate $20 million from her house in the first instance,” he had said.
When asked why no minister had resigned or why the commission did not prosecute the bank manager, Bawa said he was only making reference to Diezani Alison-Madueke case, former minister of Petroleum Resources, who is currently in the UK.