Diezani: Court grants final forfeiture of $40million jewelries

The Federal High Court in Lagos on Tuesday granted an application for final forfeiture to the government of jewelries reportedly worth $40 million seized

The trial judge, Nicholas Oweibo, said Mrs Alison-Madueke had failed to prove that the properties sought to be forfeited were not acquired with proceeds of unlawful activities.

“I am of the view that the respondent failed to show cause why the property should not be forfeited therefore I am granting the application.” Addressing journalists after the ruling, Nnamdi Kalu, a lawyer representing Awa Kalu said the judgment was delivered on the basis of technicalities and not facts.

Last Month, the Economic and Financial Crime Commission secured an interim forfeiture of several pieces of jewelry valued at $40 million allegedly belonging to Mrs Alison-Madueke.The jewelry, comprising bangles, earrings, and wristwatches were recovered from houses traced to the former minister.

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