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Appeal Court in Lagos Affirms Forfeiture of Diezani’s $40m Jewelry to FG


The Court of Appeal, Lagos Division, on Friday, November 26, 2021, affirmed the forfeiture of a $40 million worth of jewelry belonging to a former Minister of Petroleum Resources, Diezani Alison-Madueke, to the Federal Government.


Justice I.N. Oweibo of the Federal High Court sitting in Ikoyi, Lagos , had, on Tuesday, September 10, 2019, ordered the final forfeiture of the jewelry and a customized gold Iphone valued at $40m belonging to Allison-Madueke, to the FG.


The Judge had, earlier on July 5, 2019, granted the interim forfeiture of the properties, following an ex parte application filed by the EFCC. For details of this and other stories.


By EFCC

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