Diezani to forfeit N48.14bn alleged loot to Nigerian govt

  A former Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke is to forfeit the sum of   $153,310,000 to the Federal govern...

 

A former Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke is to forfeit the sum of  $153,310,000 to the Federal government.
Three banks have been ordered by Justice Muslim Hassan of the Federal High Court Lagos, to hand over the money, N48.136 billion at exchange rate of N314 to the dollar, to the Federal Government.
The funds were allegedly looted and stashed in the banks.
According to the court ruling, the money which the former minister is accused to have siphoned from the Nigerian National Petroleum Corporation (NNPC) will be temporarily forfeited to the Federal Government pending its prove of legitimacy or otherwise.
This was as Justice Hassan, gave the banks and any other interested party 14 days to appear before it to prove the legitimacy of the monies, failing which the funds would be permanently forfeited to the Federal Government.
Sterling Bank has in its custody from the $153.3m a sum of N23, 446, 300,000, First Bank Plc N9, 080,000,000 while Access Bank has $5 million (N1.8 billion).
The Economic and Financial Crimes Commission (EFCC) had on Friday appeared before the court with an ex parte application praying the court for temporary forfeiture of the funds.
An EFCC investigator, Moses Awolusi, had in a nine-paragraph affidavit filed in support of the ex parte application, argued that the anti-graft agency learnt through its investigations how sometime in December 2014 Diezani invited a former Managing Director of Fidelity Bank Plc, Nnamdi Okonkwo, to her office where they hatched the plan of how a cash sum of $153,310,000 would be moved from NNPC to Okonkwo to be saved for Diezani.
Awolusi went further to state that Diezani instructed Okonkwo to make sure that the money was neither credited into any known account nor captured in any transaction platforms of Fidelity Bank.
The presiding judge, Justice Hassan after listening to the application, ruled that the money be temporarily forfeited to the Federal Government pending prove of its legitimacy or otherwise.

 

COMMENTS

Name

Business Celebrities Fashion Gist Health life style Music News Photos Politics Relationship School Sports Tech Weird
false
ltr
item
Saga Entertainment: Diezani to forfeit N48.14bn alleged loot to Nigerian govt
Diezani to forfeit N48.14bn alleged loot to Nigerian govt
https://4.bp.blogspot.com/-XSEixYwj0N8/WHDQc77_9oI/AAAAAAAAAgU/oDPPiwDVMnscGSH3Z6Su-IqEF9pq34xygCLcB/s320/diezan1.jpg
https://4.bp.blogspot.com/-XSEixYwj0N8/WHDQc77_9oI/AAAAAAAAAgU/oDPPiwDVMnscGSH3Z6Su-IqEF9pq34xygCLcB/s72-c/diezan1.jpg
Saga Entertainment
http://www.entertainmentmob.com/2017/01/diezani-to-forfeit-n4814bn-alleged-loot.html
http://www.entertainmentmob.com/
http://www.entertainmentmob.com/
http://www.entertainmentmob.com/2017/01/diezani-to-forfeit-n4814bn-alleged-loot.html
true
1645425595944632308
UTF-8
Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy