Monday, August 7, 2017

Court Orders Permanent Forfeiture Of Diezani’s $37.5m Mansion To FG

The Federal High Court in Lagos has ordered that a $37.5m mansion on Banana Island, Lagos linked to a former Minister of Petroleum Resources, Mrs Diezani Alison-Madueke, be permanently forfeited to the Federal Government.

The court also ordered that the sums of sums of $2,740,197.96 and N84,537,840.70 realised as rents on the property should equally be forfeited to the Federal Government.

The orders were made today by Justice Chuka Obiozor, following a motion on notice argued before him by the Economic and Financial Crimes Commission.

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