Appeal Court Affirms Forfeiture of Diezani’s $40m Jewelry To Federal Govt

The Court of Appeal, Lagos Division, on Friday, November 26, 2021, affirmed the forfeiture of a $40 million worth of jewelry belonging to a former Minister of Petroleum Resources, Diezani Alison-Madueke, to the Federal Government.

Justice I.N. Oweibo of the Federal High Court sitting in Ikoyi, Lagos, had, on Tuesday, September 10, 2019, ordered the final forfeiture of the jewelry and a customized gold Iphone valued at $40m belonging to Diezani Allison-Madueke, to the Federal Government.

The Judge had, earlier on July 5, 2019, granted the interim forfeiture of the properties, following an ex parte application filed by the EFCC.