Diezani Loses $40m Jewelry To FG - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Publisher (J.T)
July 5, 2019
A Federal High Court in Lagos has ordered theinterim forfeiture of jewellery valued at about $40m, belonging to FormerMinister of Petroleum, Diezani Allison-Madueke, to the Federal Government.
The EFCC had seized the items comprisingwristwatches, necklaces, bracelets, bangles, earrings, as well as a gold iPhonefrom a premises belonging to the former minister.
In the application, the EFCC said it believes that the pieces of jewelry were obtained with proceeds of unlawful activities by the former Minister.
The Commission also stated that Allison-Madueke’sknown and provable lawful income is far less than the value of the jewellerysought to be forfeited.
In granting the application, Justice Oweibo agreedwith the EFCC that the court has the statutory powers under the provision ofSection 17 of the Advance Fee Fraud Act 2006 to order the forfeiture.
The court then adjourned further proceedings till August 13.
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