A federal court in Lagos has ordered the final forfeiture of N23.4 billion, N9.08 billion, and $5 million (about N34 billion in total) linked to Nigeria's former petroleum minister, Diezani Alison-Madueke, Premium Times reports.
The judge said he was satisfied with the Economic and Financial Crimes Commission’s (EFCC) argument that the monies were proceeds of illegal activity.
It would be recalled that Justice Hassan had on January 6, issued an interim order of forfeiture of the sum of $153.3 million to the federal government, following an exparte application by EFCC seeking similar relief.
EFCC had initiated the exparte application seeking an interim order, for the temporary forfeiture to the FG, of the sum, which it claims is linked to Diezani.
The seized money, according to the EFCC was stolen from the Nigerian National Petroleum Corporation (NNPC) and stashed in three banks in Nigeria, in US dollars and Naira.
Meanwhile, EFCC has announced the discovery of a property in Lagos worth a whopping $37.5million totalling N11.75bn which allegedly belongs to the former oil minister.
The EFCC said Diezani reportedly bought the building in Lagos’ top class location Banana Island between 2011 and 2012 at a total cost of $37.5m from the YF Construction Development and Real Estate.
Think it is important? Share with your friends!
Mr Ibrahim Magu, Acting Chairman of the Economic and Financial Crimes Commission (EFCC), on Wednesday said that women were vital to success in the fight
The federal government says it has perfected plans to establish a national social register for poor and vulnerable Nigerians The register will be established through the
A coalition accused French government of financing activities of Boko Haram in North-Eastern part of Nigeria
- A coalition has accused the French government of financing the activities of Boko Haram in the North-Eastern part of Nigeria - The coalition of stakeholders
Most Watched VideosView all posts
Editor’s note: Red palm oil has come into the spotlight as a nutrient-rich staple food following numerous health researches that were able to establish the
- The Department of State Security Service (DSS) says that reprisal killings frustrating Southern Kaduna peace efforts - The security agency affirms that the renewed attacks
The joy of three prisoners on Thursday, February 02, 2017 grew and their hope rose when Ovie Success Ossai, an aide of Governor Ifeanyi Okowa
Editor's note: Bamise Adewusi, the NAIJ.com partner blogger, explains why Nigerian young doctors should not get frustrated about the country’s current situation. He also advises
Most Read NewsView all posts
[embedded content] While the internet, fans and media keep are all still trying to understand an figure out if indeed AKA and Bonang Matheba have
Steven Tones is probably one of Nigerian music’s best kept secret. With his cool calm collected vocal delivery, Steven Tones is set to go places. His
US President Donald Trump on Thursday, February 16, dropped his appeal of a court ruling that suspended his travel ban on refugees and travelers from
Presidential spokesman, Garba Shehu on Sunday said President Muhammadu Buhari will be asked to address Nigerians from the United Kingdom.The spokesperson made the disclosure on
Again after a month, Nigeria's President Muhammadu Buhari has asked for an extension of his medical leave in the UK, deepening suspicions that his health
Kim Jong-Nam's modest life in Macau was a far cry from the opulence and power enjoyed by his half-brother, the supreme leader of North Korea,
Most Watched Movies
A woman gives birth to a set of twins and died but the babies were seperated at birth.years later one of them becomes a robber
Nollywood Wonder offers you this Latest Nigerian Movies 2016 Full Movie about A wife who is starved of sex, she started cheating on her husband
A thrilling Latest African Nigerian Nollywood Movies 2016 Latest Full Movies you will love.. Story: A Script writer,it happens that what ever he pens dowm nature
The Children of Chief Adam had to converge after the death of their father. Each with their different life style had to device a way