Thursday , 14 December 2017

Diezani: Court Order Forfeiture Of Properties Worth $4.760million

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A Federal High Court sitting in Lagos, on Tuesday ordered the temporary forfeiture of two penthouses linked to former Minister of Petroleum, Diezani Alison-Madueke.

The mansion were valued at $4.760million.

The properties include, Penthouse 21 building 5, Block C, 11th floor (Bella Vista Estate) Banana Island, Ikoyi, and Penthouse 22, Block B (Admiralty Estate) also in Ikoyi area of the state.

Justice Mojisola Olatoregun ordered that the properties be forfeited to the Federal Government pending the conclusion of the Economic and Financial Crimes Commission, EFCC’s, investigation into the ownership of the properties.

The judge gave the forfeiture order following an ex-parte motion filed by the EFCC.

The anti-graft agency, in its motion informed the court that the affected properties were suspected to be proceeds of crime.

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About Adeyemi Olalemi

Adeyemi Olalemi is an investigative Journalist with a knack for impacting the society positively with detailed and unbiased information. He is the Editor of He believes that information is the source of Liberty. Email: [email protected]

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