DIEZANI: Fed. High Court Orders Final Forfeiture Of N7.6bn Kept In Sterling Bank
A Federal high court has ordered the final forfeiture of N7.6 billion kept in Sterling Bank and allegedly belonging to former Minister of Petroleum resources, Diezani Alison-Madueke.
The court sitting in Lagos and presided over by Justice Chuka Obiozor, gave the judgment on Monday.
The judge had also recently ordered the permanent forfeiture to the federal government, of a $37.5 million sky-scrapper in Banana Island, Lagos, allegedly owned by Diezani.
The Economic and Financial Crimes Commission (EFCC) had linked the money to Diezani. It told the judge through an ex parte application that the N7.6 billion was part of the $153,310,000 which Diezani allegedly siphoned from the Nigeria National Petroleum Corporation (NNPC) in 2014, as Petroleum Resources Minister.
According to the commission, Diezani had the money kept in three banks, and that the Federal Government had since February last year, through an order granted by another judge, Muslim Hassan, recovered part of the money.
The EFCC then prayed the court to mandate Sterling Bank to release to the Federal Government the said sum still in its custody.
Justice Obiozor, who had earlier granted a temporary forfeiture of the funds, however on Monday ordered that the money be permanently forfeited to the Federal Government.
More Stories
13 KILLED IN HERDSMEN’S FRESH ATTACK ON BENUE COMMUNITY
Thirteen people have been reportedly killed following fresh attacks by suspected herdsmen in Azege settlement, Mbaya, Tombo Ward, Logo LGA...
MINIMUM WAGE: NO GOING BACK ON DEADLINE, SAYS NLC
The Nigeria Labour Congress (NLC) has said its December 1 ultimatum to state governors who fail to implement the new...
PICTURES: OGUN CUSTOMS SEIZES ILLICIT DRUGS WORTH N117M
The Area 1 Command of the Ogun State Nigerian Customs Service says it intercepted a massive haul of illicit drugs,...
MILITANT GROUP CLAIMS RESPONSIBILITY FOR PIPELINE ATTACKS IN DELTA
A group which tagged itself the Niger Delta Liberation Movement otherwise known as Movement, has claimed responsibility for bursting several...
“I HAVE NOT CONSIDERED BECOMING LAGOS GOVERNOR, BUT I’M QUALIFIED” – OBASA
The Speaker of the Lagos State House of Assembly, Rt. Hon. Mudashiru Obasa, on Thursday said he had not given...
BARCA’S ANSU FATI OUT WITH HAMSTRING INJURY
Barcelona winger Ansu Fati has been ruled out for four weeks after suffering a hamstring injury, the Catalan club said...