Lagos state Federal High Court, on Thursday ordered the forfeiture of of
about N34bn linked to former Minister of Petroleum Resources, Diezani
Alison-Madueke.
Justice Muslim Hassan, who had on January 6, 2017 issued an interim
forfeiture order on the funds gave a “final forfeiture order” during
today’s court proceedings.
The ruling followed the satisfaction of Justice Hassan with the
argument of the Economic and Financial Crimes Commission, EFCC, that the
huge funds were proceeds of illegal activity.
Breakdown of the illegal funds linked to the former Minister include, N23.4bn, N9.08bn and $5m.