Court orders permanent forfeiture of Diezani’s N34bn to FG

Court orders permanent forfeiture of Diezani’s N34bn to FG
February 16 19:40 2017

A Federal High Court sitting in Lagos has ordered the permanent forfeiture of the sum of 34 billion naira allegedly diverted from the coffers of the Nigerian National‎ Petroleum Corporation by a former Minister of Petroleum Resources, Diezani Alison-Madueke.

Justice Muslim Hassan ordered the forfeiture of N23.4 billion, N9.08 billion, and $5 million (about N34 billion in total) in a ruling on Thursday.

Justice  Hassan who had issued an interim forfeiture order on the funds in January, said on Thursday that he was satisfied with the Economic and Financial Crimes Commission’s argument that the monies were proceeds of crime.

Details later.