Crime/DefenseLegal/Judiciary

Asset forfeiture: Diezani loses on appeal

An appeal by the former Minister of Petroleum, Diezani Alison-Madueke, challenging the forfeiture of her $40million worth of jewelry to the Federal Government of Nigeria, FGN, was on Friday thrown out by the Lagos Division of the Court of Appeal sitting in Igbosere, Nigeria.

Specifically, the Appeal Court declared that there was no substance in Alison-Madueke’s bid to overturn the lower court’s order.

The Appellate Court went on to affirm the 2019 judgment of Justice Nicholas Oweibo of the Federal High Court sitting in Ikoyi, Lagos, which forfeited the jewelry following an application by the Economic and Financial Crimes Commission, EFCC.

The upper court arrived at the decision in its judgment in an appeal filed by Alison-Madueke marked as Appeal No CA/L/1263/19 between DIEZANI ALISON MADUEKE the EFCC)

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