Ex-Minister Diezani To Forfeit $40m Worth Jewellery To Nigerian Government
Former minister of Petroleum. Diezani-Alison-Madueke . (C) AFP/Files

A Federal High Court in Lagos has ordered former petroleum minister Diezani Allison-Madueke to temporarily forfeit jewellery valued at about $40m to the federal government.

Concise News understands that Nigeria’s anti-graft agency, Economic and Financial Crimes Commission (EFCC), had seized the items comprising wristwatches, necklaces, bracelets, bangles, earrings, as well as a gold iPhone from a premises belonging to Allison-Madueke.

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The Commission, in its application, said the pieces of jewellery were obtained with proceeds of unlawful activities by the former Minister.

Granting the application, the court ordered the EFCC to publish in any national newspaper the interim order of forfeiture to serve as notice to the former minister or anyone interested in the assets to be forfeited to appear before the court to show cause within 14 days why the assets should not be permanently forfeited to the federal government.

The court then adjourned further proceedings till August 13.