Court orders forfeiture of former Minister of Petroleum, Alison Diezani-Madueke’s allegedly stolen $153m

1

Justice Muslim Hassan of a Federal High Court
sitting in Lagos has ordered the temporary
forfeiture of the sum of $153,310,000, which
former Minister of Petroleum Resources,
Diezani Alison-Madueze, allegedly siphoned
from the Nigerian National Petroleum
Corporation (NNPC) and stashed in three banks.
Justice Hassan gave the order while hearing an
ex-parte application by the EFCC seeking the
temporary forfeiture of the funds allegedly
stolen by the former Minister.

The court head that out of the allegedly stolen
$153.3m, N23,446, 300,000 was reportedly
stashed in Sterling Bank Plc, N9,080,000,000 in
First Bank Plc and $5m in Access Bank Plc.
After ordering the temporary forfeiture of the
monies to the Federal Government, the
presiding judge also ordered all the banks
mentioned to appear before him within 14 days
to prove the legitimacy of the monies lodged
with them or otherwise get them permanently
forfeited to the Federal government.

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