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Diezani To Forfeit Property In Lagos, Port Harcourt

Kemi Ashefon by Kemi Ashefon
April 15, 2019
in Featured, News
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Diezani Forfeits $37.5m Banana Island Mansion To FG

Nigeria's Oil Minister Diezani Alison-Madueke attends the annual meeting of the World Economic Forum (WEF) in Davos in this January 23, 2013 file photo. To match Special Report NIGERIA-ELECTION/BANKER REUTERS/Pascal Lauener/Files (SWITZERLAND - Tags: BUSINESS HEADSHOT POLITICS ENERGY)

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The Economic and Financial Crimes Commission (EFCC) says its 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.
The commission made the announcement in a statement by Tony Orilade, the acting head of its media and publicity.
“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,” Orilade’s statement read.
“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.”
Orilade further said: “Ruling on the motion ex-parte, Justice Obiozor held that: An interim forfeiture order of this honourable court is hereby granted, forfeiting to the Federal Government of Nigeria the property which are reasonably suspected to be proceeds of unlawful activity.
“The court further ordered the EFCC to publish the order in any national daily in circulation in Nigeria and particularly in circulation in Port Harcourt and Lagos, and all persons interested in the said property are further put on notice to show cause why the final order of forfeiture of the affected property ought not to be made by this court.”
The court is expected to give a further ruling on May 9, 2019.

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