Appeal Court affirms forfeiture of Diezani’s $40m worth of jewellery to FG

Diezani’s $40m worth of jewellery

The Court of Appeal, Lagos Division, on Friday, affirmed the forfeiture of a $40 million worth of jewellery belonging to a former Minister of Petroleum Resources, Diezani Alison-Madueke, to the Federal Government.

Justice I.N. Oweibo of the Federal High Court sitting in Ikoyi, Lagos, had, on Tuesday, September 10, 2019, ordered the final forfeiture of the jewellery and a customized gold Iphone valued at $40 million belonging to Allison-Madueke, to the Federal Government.

The judge had, earlier on July 5, 2019, granted the interim forfeiture of the properties following an ex-parte application filed by the Economic and Financial Crimes Commission (EFCC).

Details later…

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