Diezani loses bid to recover seized $40m property

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The Federal High Court in Lagos has ordered the permanent forfeiture of the 2,149 pieces of jewellery and a customised gold iPhone, valued at $40m, recovered from the Abuja home of a former Minister of Petroleum Resources, Diezani Alison-Madueke.

Justice Nicholas Oweibo in a ruling on Tuesday held that Diezani, through her lawyer, Awa Kalu (SAN), failed to show because why the items should not be permanently forfeited to the Federal Government.

The Economic and Financial Crimes Commission had told the judge that the jewellery and iPhone were reasonably suspected to be acquired with fraud proceeds.

The anti-graft agency said the items were beyond Diezani’s legitimate earnings.




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