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Thursday, February 16, 2017

BREAKING: Court orders Diezani Alison-Madueke to forfeit N34bn to FG

Diezani-Alison-Madueke61
heheeheeh...........A Lagos Federal High Court, on Thursday ordered the forfeiture of of about N34bn linked to former Minister of Petroleum Resources, Diezani Alison-Madueke.
Justice Muslim Hassan, who had on January 6, 2017 issued an interim forfeiture order on the funds gave a “final forfeiture order” during today’s court proceedings.

The ruling followed the satisfaction of Justice Hassan with the argument of the Economic and Financial Crimes Commission, EFCC, that the huge funds were proceeds of illegal activity.
Breakdown of the illegal funds linked to the former Minister include, N23.4bn, N9.08bn and $5m.
Details later…on Fidelis Chidi Blog

The Federal High Court in Lagos has ordered the former Minister of Petroleum Resources, Diezani Alison-Madueke to forfeit the sum of $153 million to the Federal Government after the Economic and Financial Crimes Commission contested that the money was diverted from the coffers of the Nigerian National‎ Petroleum Corporation by the former politician.
 
The order was given today by Justice Muslim Hassan of the Federal High Court in Lagos.
 
Justice Muslim Hassan of the Federal High Court in Lagos had in January ordered the temporary forfeiture of the sum of $153,310,000, which Diezani Alison-Madueke, allegedly siphoned from the Nigerian National Petroleum Corporation and stashed in three banks in the country.
 
Out of the allegedly stolen $153.3m, a sum of N23, 446, 300,000 was kept in Sterling Bank Plc, N9,080, 000,000 in First Bank Plc and $5m in Access Bank Plc.
 
After ordering the temporary forfeiture of the monies to the Federal Government on Friday, Justice Hassan gave Sterling Bank and any other interested party 14 days to appear before him to prove the legitimacy of the monies, failure of which the funds would be permanently forfeited to the Federal Government.

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