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Posted December 11, 2012 by Campus Heat in News
 
 

NEWS: Finance Minister Ngozi Okonjo-Iweala Buys N1.2 Billion Abuja Mansion

As Nigerians groan over fuel subsidy removal, one of the proponents and architect of the controversial policy, Ngozi Okonjo-Iweala has just purchased a massive home in Maitama, Abuja for a whooping N1.2 Billion, Pointblanknews.com investigation has revealed.

The Finance minister allegedly paid for the property located at No 3 Nwaora close, off Gana Street, Abuja in November 2011, according to a source at the Property Management office.

Okonjo-Iweala through a United States based company owned by her brother Chi-Chi Okonjo-GeorgeTown Consultancy, allegedly pocketed about $2 Billion in commission in the last debt buy back deal under the President Olusegun Obasanjo’s administration.

Sources also hinted that Okonjo-Iweala forced her brother’s firm, down the throats of the Finance Ministry, and even the Federal Capital Territory (FCT), under Mallam Naisr El-Rufai when she was minister under Obasanjo.

On that Nwaora close, off Gana Street, Maitama, Abuja, are five massive properties with price tag between N1.25 Billion and N1.4 Billion.

We still have other properties worth N1.25 Billion, N1.3 Billion and N1.4 Billion. The one we sold to madam was for N1.2 Billion,” an Estate agent with EFAB Properties said.

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