Ebun Francis || A Federal High Court in Lagos presided over by Justice Mojisola Olatoregun has granted a request by the Economic and Financial Crimes Commission for the temporary forfeiture two properties allegedly belonging to Diezani Alison-Madueke, the former Petroleum Minister.
The anti-crime agency claims the properties in question were purchased with proceeds from crime.
The properties, valued at $4.7 million include Penthouse 21 building 5, Block C, 11th floor (Bella Vista Estate) Banana Island, Ikoyi, and Penthouse 22, Block B (Admiralty Estate) also in Ikoyi, Lagos.
Justice Olatoregub ruled that the properties be forfeited to the Federal Government pending the conclusion of EFCC’s investigation into the ownership of the properties which it reasonably believes were procured with proceeds of crime.
The EFCC in an ex parte application brought for the forfeiture of the properties lists Diezani Alison-Madueke, Donald Amagbo, Schillenburg LLC, and Sequoyah Property Limited, as respondents.