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Friday, 5 July 2019

Court orders forfeiture of Diezani ALison-Madueke’s jewelry, gold iPhone worth $40m

A Federal High Court sitting in Lagos State has ordered the forfeiture of 2,149 pieces of jewellery and a customised gold iPhone, all valued at $40m, belonging to a former Minister of Petroleum Resources, Mrs Diezani Alison-Madueke.


The presiding judge, Justice Nicholas Oweibo, ordered that the items should be temporarily forfeited to the Federal Government following an ex parte application moved today Friday July 5th by a lawyer for the Economic and Financial Crimes Commission, Rotimi Oyedepo.

The EFCC in its application before the court, said that it found and recovered the jewellery and the customised gold iPhone which it believes was acquired with “proceeds of unlawful activities.”

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