Daily Independent (Lagos)
Alexander Mede
10 July 2009
Abuja — Economic and Financial Crimes Commission (EFCC) on Thursday handed over multi-million naira Chelsea Hotel, an asset seized from former Bayelsa Governor, Deprieye Alamieseigha, to the state government.
Speaking at the brief ceremony, Chairman of the EFCC, Farida Waziri, said the event has shown that crime does not pay and that stolen assets will eventually be returned to their rightful owners.
"This hand over ceremony is a time for sober reflection as it is rooted on the menace of corruption by people who have breached the trust of their people in handling the mandate of governance", she stated.
The EFCC boss revealed that aside the hotel which was valued at N2.8 billion in 2007, another property at No. 2 Matchbee Street, Off Aminu Kano Crescent, Wuse 2, Abuja, will also be handed over to the state government.
The commission also recovered and sold some other assets and remitted cash value to the Central Bank of Nigeria (CBN) in accordance with the law for onward delivery to the government of Bayelsa State.
While directing the state government to get the detailed inventory of the hotel from the managers, Diya, Fatimilehin & Co, Waziri urged it to utilise the assets judiciously and transparently.
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