Your SEO optimized title

Court forfeits Diezani’s N14.4bn jewellery to Fed Govt

0

A Federal High Court in Lagos has permanently forfeited to the Federal Government some jewellery valued at $40 million (about N14.4 billion) recovered from the home of a former Petroleum Resources Minister, Mrs Diezani Alison-Madueke.

The jewellery, categorised into 33 sets, include “419 expensive bangles, 315 expensive rings, 304 expensive earrings, 267 expensive necklaces, 189 expensive wristwatches and 174 expensive necklaces and earrings”.

The rest are: 78 expensive bracelets, 77 expensive brooches and 74 expensive pendants.

Justice Nicholas Oweibo made the final forfeiture order while delivering judgment in a motion filed by the Economic and Financial Crimes Commission (EFCC).

He held that Mrs. Allison-Madueke, rather than show why the property should not be finally forfeited, only filed a motion to set aside and discharge the July 5, 2019 interim order of forfeiture.

“The deponent in the affidavit of the motion is not the owner of the property sought to be forfeited and the deponent did not state in the affidavit where he got the information from.

“On the whole and in the view of the respondent’s failure to show cause why the property should not be finally forfeited, the order of final forfeiture is hereby granted. The property is hereby finally forfeited to the Federal Government of Nigeria.”

During hearing, EFCC prosecutor Rotimi Oyedepo told the judge that the court was empowered to make such forfeiture order under Section 17 of the Advance Fee Fraud and Other Related Offence Act 2006, because “the respondent’s known and provable lawful income is far less than the property sought to be forfeited to the Federal Government of Nigeria”.

Share.

Leave A Reply