Justice
Chuka Obiozor, a vacation judge sitting at the Federal High Court in Ikoyi,
Lagos, on Monday, August 7, 2017, ordered the final forfeiture of a $37.5m(
N11.75bn) property on Banana Island, Ikoyi,
Lagos allegedly belonging to a former Minister of Petroleum Resources, Diezani
Alison-Madueke.
The
order came following an exparte application filed on July 17, 2017 by the
Economic and Financial Crimes Commission, EFCC. At the last adjourned sitting
on July 19, 2017, counsel to the EFCC, A.B.C. Ozioko, while moving the ex-parte
application, had urged the court to order the forfeiture of the total sum of
USD$2, 740,197.96 and N84, 537,840.70 respectively found by the Commission in
Rusimpex USD
account No. 1013612486 domiciled in Zenith Bank Plc suspected to be proceeds of
unlawful activities.
Ozioko
had also urged the court to order an interim forfeiture of the assets and
property. The EFCC counsel had further prayed the court to grant an order
prohibiting the “disposal, conveyance, mortgage, lease, sale or alienation or
otherwise of the assets and property.”