Court orders Diezani Alison-Madueke to forfeit N34bn to FG

A Lagos Federal High Court, on Thursday ordered the forfeiture of of about N34bn linked to former Minister of Petroleum Resources, Diezani Alison-Madueke.

Justice Muslim Hassan, who had on January 6, 2017 issued an interim forfeiture order on the funds gave a “final forfeiture order” during today’s court proceedings.
The ruling followed the satisfaction of Justice Hassan with the argument of the Economic and Financial Crimes Commission, EFCC, that the huge funds were proceeds of illegal activity.
Breakdown of the illegal funds linked to the former Minister include, N23.4bn, N9.08bn and $5m.
Details later…