Judge orders forfeiture of $4.8m properties linked to Diezani

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The Federal High Court in Lagos on Tuesday granted a request by the Economic and Financial Crimes Commission, EFCC, for the temporary forfeiture of two properties in Lagos linked to a former Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke.

The anti-graft agency listed the properties, said to be valued at $4.76m, as: Penthouse 21 building 5, Block C, 11th floor, Bella Vista Estate, Banana Island, Ikoyi and Penthouse 22, Block B, Admiralty Estate, Ikoyi, Lagos.

 

The EFCC, in an ex parte application brought before the court for the forfeiture of the properties, listed Alison-Madueke, Donald Amagbo, Schillenburg LLC, and Sequoyah Property Limited, as respondents.

 

Its counsel, Mr. Anselem Ozioko, said the anti-graft agency reasonably suspected that the properties were procured with proceeds of alleged unlawful activities of the immediate past Petroleum minister.

 

After entertaining the ex parte application by the EFCC counsel, Justice Mojisola Olatoregun ruled that the properties be forfeited to the Federal Government pending the conclusion of EFCC’s investigation into the ownership of the properties which it reasonably believes were procured with proceeds of crime.

 

This latest temporary forfeiture is coming barely two months after the same Federal High Court ordered the permanent forfeiture of 58 houses linked to the Alison-Madueke who is currently in the United Kingdom, where she is also being probed for alleged corruption.

 

The 58 houses which were ordered by Justice Abdulaziz Anka on October 11, 2017 to be permanently forfeited to the Federal Government are in Lagos and Port Harcourt.

 

The EFCC claimed that the ex-minister acquired the properties, valued at $21,982,224, between 2011 and 2013 using front companies.

 

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