Get Latest Tori News Alert!
Enter your email below.

Delivered by FeedBurner

Hot Stories
Recent Stories

Breaking News: Diezani Loses Bid To Recover Seized $40m Jewellery, iPhone

Posted by Samuel on Tue 10th Sep, 2019 -

The move by former minister, Mrs Diezani Alison-Madueke to recover her seized assets has failed.

Mrs Diezani Alison-Madueke
According to Punch Metro, the Federal High Court in Lagos on Tuesday ordered the permanent forfeiture of the 2,149 pieces of jewellery and a customised gold iPhone, valued at $40m, recovered from the Abuja home of a former Minister of Petroleum Resources, Mrs Diezani Alison-Madueke.

In a ruling on Tuesday, Justice Nicholas Nicholas Oweibo held that Diezani, through her lawyer, Awa Kalu (SAN), failed to show cause why the items should not be permanently forfeited to the Federal Government.

The Economic and Financial Crimes Commission had told the judge that the jewellery and iPhone were reasonably suspected to be acquired with fraud proceeds.

The anti-graft agency said the items were beyond Diezani’s legitimate earnings.

Top Stories
Popular Stories

Stories from this Category
Recent Stories