Latest Politics

Diezani loses $40m jewelries permanently

The UK has failed in Diezani's case, we can do a better job here— Magu

A former Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke has permanently lost her 2,149 pieces of jewellery and a customised gold iPhone, all valued at about $40 million, to the Nigerian government.

This came as a Federal High Court in Lagos, presided over by Justice Nicholas Oweibo, on Tuesday ordered the permanent forfeiture of the items to the government.

Justice Oweibo, while ordering for the final forfeiture said that Diezani, through her lawyer, Awa Kalu (SAN), was unable to show cause why the items should not be permanently forfeited.

The Economic and Financial Crimes Commission (EFCC) had prayed the court to order for the forfeiture of the property.

The anti-graft agency had said that it reasonably suspected that the jewellery and gold iPhone were acquired with fraud proceeds.

READ ALSO: Ex-AGF Adoke in new book, speaks about the hawks that almost pushed Jonathan to ‘shed blood’

It added that the items were beyond Diezani’s lawful earnings.

 

Ripples Nigeria

We are an online newspaper, very passionate about Nigerian politics, business and their leaders. We dig deeper, without borders and without fears.
www.ripplesnigeria.com

Join the conversation

Opinions

About the author

Ripples Nigeria

We are an online newspaper, very passionate about Nigerian politics, business and their leaders. We dig deeper, without borders and without fears.
www.ripplesnigeria.com

Do NOT follow this link or you will be banned from the site!