Nigeria court orders forfeiture of ex-oil minister's luxury $37.5m property

Judge Chuka Obiozor, sitting at the Federal High Court in Lagos, ordered the forfeiture of Diezani Alison-Madueke's apartment complex on the city's ultra-chic Banana Island.

Published: 20th July 2017 04:25 PM  |   Last Updated: 20th July 2017 04:25 PM   |  A+A-

Court Hammer

For representational purpose

By AFP

LAGOS: A Nigerian court has ordered the temporary forfeiture a $37.5 million property belonging to the country's ex-oil minister, with prosecutors alleging it was bought with ill-gotten funds. 

Judge Chuka Obiozor, sitting at the Federal High Court in Lagos, on Wednesday ordered the forfeiture of Diezani Alison-Madueke's apartment complex on the city's ultra-chic Banana Island.

Banana Island is a gated community which is home to business tycoons, top politicians and celebrities. 

The apartment building will be seized along with $2.7 million (23 million euros) and more than 84 million nairas ($266,000, 232,000 euro), following an application by Nigeria's anti-graft agency, the Economic and Financial Crimes Commission (EFCC). 

The Lagos case is one of a series brought by the EFCC against Alison-Madueke, who was oil minister under former president Goodluck Jonathan from 2010 to 2015 and also president of OPEC. 

She is currently on bail in London after being arrested in connection with a British probe into international corruption and money laundering.

Her name has also surfaced in a bribery complaint in the United States and a corruption investigation in Italy concerning an $1.3 billion oil deal with ENI and Shell. 

President Muhammadu Buhari was elected in 2015 on an anti-corruption platform, promising to stamp out endemic graft and impunity in Nigeria. 

But the 74-year-old's war on corruption has faltered, particularly since he has been on medical leave overseas on and off for the past year. 

Stay up to date on all the latest World news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp