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Court orders final forfeiture of 56 houses valued at N3bn linked to Diezani


Court orders final forfeiture of 56 houses valued at N3bn linked to Diezani

A federal high court in Lagos presided over by Justice Abdulaziz Anka has ordered the final forfeiture of property worth over N3 billion linked to Diezani Alison-Madueke, former minister of petroleum resources.

The order followed an application filed by the Economic and Financial Crimes Commission (EFCC) which alleged that Diezani paid about $22 million, believed to be proceeds of crimes, for the properties.

EFCC’s allegations:

  • That it traced about 56 houses to the former minister and five others.
  • That the $22 million paid for the property was proceeds of crime.
  • That Diezani acquired the properties located in Lagos, Abuja and Port Harcourt between 2011 and 2013.

Among the houses to be forfeited include:

  • At 7 Thurnburn Street and 5 Raymond Street, Yaba: 21 mixed housing units of eight four bedroom penthouse apartment; six buildings of three bedroom apartments; two buildings of three bedrooms apartment and one building of four bedrooms apartment, all ensuite.
  • At Heritage Court Estate, Omerelu Street, Diobu GRA: 16-four bedrooms terrace buildings.
  • At Mabushi Gardens Estate, Abuja: 13 three-bedroom with one room maid’s quarter.
  • At Awolowo Road, Ikoyi: Six flats of three bedrooms and one boys quarter.

The latest forfeiture follows previous ones, like the August 7 order by a federal high court in Lagos of a $37.5m sky-scrapper on the highbrow Banana Island, Lagos, belonging to Diezani.

The court had also ordered that the sums of $2.7 million and N84.5 million realised as rents on the property should equally be forfeited to the government.

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