Bebe Akinboade
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NGOZI OKONJO IWEALA BUYS N1.2 BILLION MANSION IN ABUJA

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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.
Pointblanknews.com sources 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 confided in Pointblanknews.com.
Dr. Ngozi Okonjo-Iweala was a Managing Director of the World Bank.
The Coordinating minister’s mansion, is a 7 bedrooms duplex with boys quarters and a swimming pool, a massive Masters Bedroom with an adjacent bedroom dubbed “ Madam’s Bedroom. The mansion, which is still unfurnished, could wear a tag of over N2 billion after furnishing. It has a red clay roof
The property is complete with top shelf marble imported from Italy, gold trimmings and chandeliers in the living rooms, bedrooms and a very expansive kitchen.

Sources told pointblanknews.com that the property was built by a popular Abuja estate mogul, and owner of EFAB Properties Limited, Fabian Nwaora.
A source at the EFAB Properties who referred Dr. Iweala as “Madam”, told Pointblanknews.com that the mansion was the first to be purchased among several others in the estate.
“Madam paid for the property long before others were even completed and so that one is out of the market. We only have the ones on No.1, No. 2, No. 4 available.”
That deal led to her sack by the Obasanjo’s administration, when he discovered that Okonjo-Iweala made tons of cash from the deal at the expense of Nigeria. She was removed from the economic team, and redeployed to the Foreign Affairs ministry.
Aside from Chi-Chi Okonjo who gets multi-million dollar contracts in Nigeria without due process, through his sister, Ngozi, another very close friend of the finance minister who gets patronage is Bimbo Ogunseitan.

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