(BREAKING): Court Orders Permanent Forfeiture Of Diezani’s $37.5m Banana Island Mansion To FG

A Federal High Court sitting in Lagos has ordered the permanent forfeiture of a $37.5m mansion on Banana Island, Lagos linked to a former Minister of Petroleum Resources, Mrs Diezani Alison-Madueke, to the Federal Government.

The order was made on Monday by Justice Chuka Obiozor, following a motion on notice argued before him by the Economic and Financial Crimes Commission (EFCC).

The judge further held that the sums of sums of $2,740,197.96 and N84,537,840.70 realised as rents on the property should equally be forfeited to the Federal Government.

Justice Obiozor had been informed by Anselem Ozioko, counsel for the EFCC, that the commission had complied with an order given by the court that the forfeiture be published in a newspaper; after which, anyone who had an interest in the said property and funds would appear before the court to state reasons why it should not be handed over to the government.

During hearing today, no party showed up to contest the order; thereby, leaving the court with no option but to forfeit the property to the Federal Government.

In a short ruling, The judge held, “In the face of the publication, which I find in Exhibit B of the affidavit of compliance before me, and there being no responses from any interested party, I have no other option but to grant the orders as prayed.”

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