Monday, April 19, 2021

Nigeria: Court Orders Forfeiture of Property Traced to Former Minister of Petroleum Resources, Diezani in Money Laundering Case


The Economic and Financial Crimes Commission, Lagos Zonal Office, has secured the interim forfeiture of property linked to a former Minister of Petroleum Resources, Diezani Alison-Madueke, Donald Chidi Amangbo and Sequoyah Properties Limited.

A Federal High Court sitting in Lagos, presided over by Justice Chuka Obiozor, granted the order for interim forfeiture of the property traced to Diezani.

The property is located at Plot 9, Azikiwe Road, Old GRA, Port Harcourt, Rivers State. The order was pursuant to a motion ex-parte, dated March 4, 2019, brought by the EFCC.

- Advertisement -

Ruling on the motion ex-parte, Obiozor said: “An interim forfeiture order of this honorable court is hereby granted, forfeiting to the Federal Government of Nigeria the property which are reasonably suspected to be proceeds of unlawful activity.”

- Advertisement -
- Advertisement -


Get our daily notification on the latest financial crimes news around the World


- Affiliate Products -


This Week

Enable Notifications    OK No thanks