Diezani Loses $153m To Govt
The Federal High Court in Lagos yesterday ordered the forfeiture of $153million allegedly belonging to former Minister of Petroleum Resources Mrs Diezani Alison-Madueke to the Federal Government.
The Economic Financial Crimes Commission (EFCC) said the money was laundered for the former minster.
Justice Muslim Hassan held that the money was a product of unlawful activity.
The judge ordered the forfeiture of unclaimed N23.4billion, $5million as well as $40million (the naira equivalent of which is N9.08billion).
EFCC said the laundered money was $153million, some of which was converted to naira.
The former Minister had allegedly siphoned the money from the Nigerian National Petroleum Corporation ,NNPC, and stashed in three banks, including Sterling Bank Plc.