Court orders forfeiture of Diezani’s jewellery worth N14bn

A Federal High Court in Lagos, Friday, ordered the interim forfeiture of jewellry and customised gold iPhone belonging to the former Minister of Petroleum Resources, Mrs Diezani Allison-Madueke, worth N14 billion.

A press statement by acting spokesperson, Economic and Financial Crimes Commission (EFCC), Mr Tony Orilade, in Abuja, said Justice Nicholas Oweibo ordered that the items be temporarily forfeited to the federal government following an ex parte application filed and moved by the EFCC.

The commission through its Counsel, Mr Rotimi Oyedepo, said that it found and recovered the properties which are believed to be acquired with proceeds of unlawful activities.

The application has Diezani as the only defendant and was brought pursuant to Section 17 of the Advance Fee Fraud and other related Offences Act, No 14, 2006.

EFCC said it found and recovered the properties on the premises of the respondent, adding that it reasonably suspected that the former minister acquired them with proceeds of unlawful activities.

The court adjourned the case till July 22.

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