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Diezani finally forefeits $4.760m penthouses

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The Federal High Court in Lagos yesterday ordered the final forfeiture of two penthouses valued at $4.760m belonging to former Petroleum Resources Minister Mrs Diezani Alison-Madueke.

They are: 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.

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Ruling on an application filed by the Economic and Financial Crimes Commission (EFCC), Justice Mojisola Olatoregun ordered that they be forfeited to the Federal Government.

The commission’s lawyer, Mr ABC Ozioko, told the court that he had a motion on notice for a final forfeiture order in respect of the properties.
He added that the interim forfeiture order made last December 5 was advertised in The Nation as ordered by the court.

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He also prayed for an order prohibiting the disposal of any mortgage or sale of the properties, and for an order authorising the EFCC to appoint a competent person or firm to manage the properties.

Respondents’ counsel Mr Emmanuel Bassey did not object to the prayers.Justice Olatoregun granted the orders as prayed.

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