MetroBusinessNews

Court orders permanent forfeiture of Diezani’s 56 houses

Diezani Alison Madueke’s Banana Island Property seized by FG

The Federal High Court in Lagos on Wednesday ordered the permanent forfeiture of 56 houses linked to a former Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke.

The houses, located in Lagos and Port Harcourt, were said to have been acquired by the ex-minister between 2011 and 2013 using front companies.
The Economic and Financial Crimes Commission claimed that Diezani paid  $21,982,224 for the properties, adding that it believed that the funds were proceeds of crime.
The anti-graft agency listed the properties to include 29 terraced houses comprising eight four-bedroomed penthouse apartments, six three-bedroomed apartments, two three-bedroomed maisonettes, two twin bedroomed apartments and one four-bedroom apartment.
The permanent forfeiture order was made by Justice Abdulaziz Anka.
Details later.
Exit mobile version