Photos: Diezani’s Seized $37.5m Banana Island Luxury Highrise

Posted on July 20, 2017

FUNSHO AROGUNDADE

On Wednesday, the Economic and Financial Crimes Commission obtained a court orders for the forfeiture of Banana Island, Lagos $37.5 million, 15 Floors, 18 Flats, 6 Penthouses luxurious property belonging to fugitive former Nigeria’s Petroleum Minister, Mrs. Diezani Allison-Madueke.

The court also ordered the temporary seizure of $3.7m in a Zenith bank account allegedly owned by the former minister.

The order followed an ex parte application filed by the Economic and Financial Crimes Commission (EFCC) seeking forfeiture of the assets.

Anselem Ozioko, the EFCC counsel who filed the application, alleged that the money used for the purchase of the property was laundered.

“Nothing could be more suspicious than someone keeping such huge amounts in her apartment. Why was she doing that? To avoid attention,” he told the court.

“We are convinced beyond reasonable doubts because, as of the time this happened, Mrs Diezani Alison-Madueke was still in public service as the minister of petroleum resources.”

After listening to his submission, Chuka Obiozor, the judge, gave a temporary order for the forfeiture of the property and the money to the government.

He then adjourned till August 7 for anyone to a make case for the assets.

Last Friday, the US department of justice filed an application seeking the re-possession of assets valued at $144 million linked to Alison-Madueke.

The former minister allegedly received the assets as bribes from two businessmen – Kola Aluko and Jide Omokore – for the award of oil contracts.

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

ADEDARA ODUGUWA I was not privileged to meet with one of my mentors, Chief... Continue
LUCKY LAWAL The police in Ogun State have arrested two suspects Saheed Omotosho and... Continue
“Iron” Mike Tyson dead of heart attack is a celebrity death hoax. There is... Continue
CYRIACUS IZUEKWE A 49-year old man, Elisha Chris who reportedly deceived the Nigerian Bar... Continue
Members of the All Progressives Congress (APC) in the House of Representatives from Lagos... Continue
LINUS UMUNNA There is every chance that we all have friends or acquaintances, who... Continue
The Board of Directors of Nigerian Breweries Plc has announced its results for the... Continue
State of the Nation Address by the President of the Republic of South Africa,... Continue
CYRIACUS IZUEKWE A 33-year-old Olamilekan Babatunde has landed in trouble after he reportedly lured... Continue
LUCKY LAWAL The Ogun State Police Command has arrested one Omoniyi Vacoster who has... Continue