Court orders permanent forfeiture of Diezani’s N14.5 billion assets

The Federal High Court in Lagos State has ordered the permanent forfeiture of $40 million (N14.5 billion) worth of jewellery and customised gold iPhone belonging to Nigeria’s former Minister of Petroleum Resources, Mrs Diezani Alison-Madueke.

The ruling was delivered on Tuesday by Justice Nicholas Nicholas Oweibo, who ordered the permanent forfeiture on the ground that Diezani’s lawyer’s, Awa Kalu (SAN), failed to show cause why the items should not be permanently forfeited to the Federal Government.

Recall, that the  2,149 pieces of jewellery and a customised gold iPhone, were recovered from her Abuja home. The Economic and Financial Crimes Commission had told the judge that the jewellery and iPhone were reasonably suspected to be acquired with looted funds in the country.

Details Shortly…

Source: Nairametrics

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