Court Orders Final Forfeiture of Alison-Madueke’s N7.6bn Loot
Mon, Aug 28, 2017 | By publisher
Politics
NIGERIAN court seized $21 million on Monday, August 28, from bank accounts linked to a former oil minister accused of corruption as investigators continue to claw back her fortune.
Federal high court judge Abdulazeez Anka ordered the immediate forfeiture of 7.6 billion naira ($21 million, 17.9 million euros) allegedly held in local bank accounts by Diezani Alison-Madueke, who was once one of Africa’s most prominent female politicians.
Nigeria’s anti-graft Economic and Financial Crimes Commission, EFCC, which accuses Alison-Madueke of corruption, argued in court that she had illicitly laundered the funds with the help of top oil officials.
Since leaving office in 2015, Alison-Madueke has been implicated in bribery, fraud, misuse of public funds and money laundering cases in Nigeria, Britain, Italy and the United States.
The former president of the global oil cartel OPEC, the first female to hold the post, Alison-Madueke has always denied the allegations which involve billions of dollars syphoned from oil deals and state accounts.
The ruling followed two applications by the EFCC which earlier this month successfully seized properties worth $44 million that Alison-Madueke allegedly purchased with the proceeds of corruption.
President Muhammadu Buhari, elected in 2015 on an anti-corruption platform, is seeking to stamp-out Nigeria’s widespread graft.
– Aug 25, 2017 @ 17:20 GMT
Related Posts
![](https://i0.wp.com/realnewsmagazine.net/wp-content/uploads/2024/09/image-290.png?fit=306%2C165&ssl=1)
Community leaders risk jail term for illegal devt levy-Delta Govt
DELTA Government says 2-year jail term awaits anyone caught collecting development levies or any form of fees from public or...
Read More![](https://i0.wp.com/realnewsmagazine.net/wp-content/uploads/2024/09/image-286.png?fit=311%2C162&ssl=1)
Take steps to mitigate effects of fuel price hike, NIM urges FG
THE Nigerian Institute of Management has urged the Federal Government to take urgent steps to forestall economic hardship occasioned by...
Read More![](https://i0.wp.com/realnewsmagazine.net/wp-content/uploads/2024/09/image-284.png?fit=303%2C166&ssl=1)
APC faults Edo Govt’s decision to suspend school resumption over fuel hike
APC has described as “expensive political gimmickry” the decision of the Edo Government to suspend indefinitely the resumption date for...
Read MoreMost Read
Subscribe to Our Newsletter
Keep abreast of news and other developments from our website.