News & Politics
Judge orders forfeiture of $153m recovered from Diezani to FG
Justice Muslim Hassan of the Federal High Court in Lagos has ordered the permanent forfeiture of $153,310,000, which was said to have been diverted from the coffers of the Nigerian National Petroleum Corporation by former Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke to the FG. This marks the second sum of money forfeited from the […]
Justice Muslim Hassan of the Federal High Court in Lagos has ordered the permanent forfeiture of $153,310,000, which was said to have been diverted from the coffers of the Nigerian National Petroleum Corporation by former Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke to the FG.
This marks the second sum of money forfeited from the hands of the EFCC to the FG in the past week, the first being Andrew Yakubu.
The Economic and Financial Crimes Commission traced the money to three commercial banks in the country where it was kept in the sums of N23,446, 300,000, N9,080,000,000 and $5m and then proceeded to court where they urged courts to pass an order that required the forfeiture of the money to the FG.
Source: PUNCH
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