Ex-petroleum Minister, Diezani Alison-Madueke, loses bid to recover $40m jewellery forfeited to FG

Diezani Alison-Madueke, the former Minister of Petroleum Resources, has filed an appeal with the Lagos Division of the Court of Appeal, appealing the forfeiture of her $40 million worth of jewelry to the federal government.

The jewelry, which was seized from the former minister’s residence at No. 10 Fredrick Chiluba Close, Asokoro, Abuja, was divided into 33 sets and included “419 expensive bangles, 315 expensive rings, 304 expensive earrings, 267 expensive necklaces, 189 expensive wristwatches, 174 expensive necklaces and earrings, 78 expensive bracelets, 77 expensive brooches, and 74 expensive pendants.”

Following an ex parte motion filed by Rotimi Oyedepo, counsel for the Economic and Financial Crimes Commission, the court ordered the interim seizure of the assets on July 5, 2019. (EFCC). Then, on September 19, 2019, Justice Nicholas Oweibo ordered the permanent forfeiture of $40 million in jewelry seized from Alison-Madueke.

The former minister failed to establish cause why the jewelry should not be permanently lost to the government, according to the high court ruling. Dissatisfied, the former minister filed an appeal with the appellate court, CA/L/1263/19, requesting that the high court’s verdict be overturned.

The appellate court today delivered its decision in the appeal, ruling that the former Minister’s request to overturn the lower court’s order lacked merit. As a result, the appellate court upheld the federal high court’s decision from 2019.

Related Video

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.