Court Orders Forfeiture Of $153.3m Belonging To Ex Minsiter Diezani Allison Madueke To Federal Govt

A Nigerian court has ordered the forfeiture of about $153.3m fund traced to former petroleum minister, Diezani Allison Madueke.

The undergoing probe minister is alleged to have pilfered the funds from the Nigerian National Petroleum Corporation and stashed it in some Nigerian banks.

The court ordered the banks to return the funds to the federal government, except the owner comes up with verifiable proof to establish claims.

The banks in question are Sterling Bank 25m, First Bank N9m and Access Bank $5m.
The court gave claimants to the funds 14days to prove legitimacy of their ownership or forfeit the funds to the federal government.

The order was issued by Justice Muslim Hassan of the Federal High Court Lagos in favour of an ex parte application seeking temporary forfeiture of the funds by anti corruption agency, Economic and Financial Crimes Commission. – See more at: http://societynowng.com/Court-Orders-Forfeiture-Of-153-3m-Belonging-To-Ex-Minsiter-Diezani-Allison-Madueke-To-Federal-Govt#sthash.8DU1g1W8.dpuf