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Judge orders permanent forfeiture of Diezani’s $153m to the FG

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Judge orders permanent forfeiture of Diezani’s $153m to the FG

Justice Muslim Hassan of the Federal High Court in Lagos has ordered the permanent forfeiture of the sum of $153 million, allegedly diverted from the coffers of the Nigerian National‎ Petroleum Corporation by a former Minister of Petroleum Resources, Diezani Alison-Madueke.

On January 6, the judge had ordered an interim forfeiture of the monies. But on Thursday, he said he was satisfied with the argument by the Economic and Financial Crimes Commission (EFCC) that the funds were proceeds of illegal activity. He therefore gave a “final forfeiture order” on the funds.

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