Thursday, February 16, 2017

Judge Orders Final Forfeiture Of N34Billion Linked To Ex-Minister Of Petroleum, Diezani Alison-Madueke

A federal court in Lagos has ordered the final forfeiture of N23.4 billion, N9.08 billion, and $5 million (about N34 billion in total) linked to former petroleum minister, Diezani Alison-Madueke, PremiumTimes reports.

Justice Muslim Hassan, who had issued an interim forfeiture order on the funds on January 6, on Thursday gave a “final forfeiture order” on the funds.

The judge said he was satisfied with the Economic and Financial Crimes Commission’s argument that the monies were proceeds of illegal activity.

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