Court Orders Final Forfeiture of Diezani’s N7.6bn Loot

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Nigerian court on Monday seized $21 million from bank accounts linked to a former Petroleum Minister, Diezani Alison-Madueke, accused of corruption as investigators continue to claw back her fortune.

Federal high court judge, Justice Abdulazeez Anka, ordered the immediate forfeiture of N7.6 billion ($21 million, 17.9 million euros) allegedly held in local bank accounts by  Alison-Madueke, who was once one of Africa’s most prominent female politicians.

Nigeria’s anti-graft Economic and Financial Crimes Commission (EFCC), which accuses Alison-Madueke of corruption, argued in court that she had illicitly laundered the funds with the help of top oil officials.

Since leaving office in 2015, Alison-Madueke has been implicated in bribery, fraud, misuse of public funds and money laundering cases in Nigeria, Britain, Italy and the United States.

The former President of the global oil cartel, OPEC, the first female to hold the post, Alison-Madueke, has always denied the allegations which involve billions of dollars syphoned from oil deals and state accounts.

The ruling followed two applications by the EFCC which earlier this month successfully seized properties worth $44 million that she allegedly purchased with the proceeds of corruption.

President Muhammadu Buhari, elected in 2015 on an anti-corruption platform, is seeking to stamp-out Nigeria’s widespread graft, therefore all the corrupt politicians are being trail by the anti-graft commission.

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