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DIEZANI: Fed. High Court orders final forfeiture of N7.6bn kept in Sterling Bank



Court orders permanent forfeiture of Diezani's N3billion property

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.

Read also: Buhari’s treatment of Arewa youths proof quit notice politically motivated- IYC

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.


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  1. Animashaun Ayodeji

    August 29, 2017 at 10:00 am

    The only way to handle Diezani is to bring her to Nigeria and face her matter squarely. She has more illegal properties than we can imagine. The woman was born thief

    • Abeni Adebisi

      August 29, 2017 at 10:11 am

      There are still many things to be uncovered, she’s a criminal. Anywhere she stays, here in Nigeria or abroad, her case will continue. The Federal Government is trying to use her as scape goat

  2. Anita Kingsley

    August 29, 2017 at 10:08 am

    Without measuring all her many properties, $153,310,000 is enough to sentence her to death. She’s a disgrace to womanhood.

  3. seyi jelili

    August 29, 2017 at 10:22 am

    How can we women be craving for equality in political appointment when few of us appointed misused opportunity


      August 29, 2017 at 2:48 pm

      It’s over for women in politics. They have proven themselves to be thieves, likes of madueke, Stella oduah, patience Jonathan and among others are bad examples

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