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Judge orders permanent forfeiture of Diezani’s $153m to FG

Justice Muslim Hassan of the Federal High Court in Lagos has ordered the permanent forfeiture of a sum of $153,310,000, which was said to have been diverted from the coffers of the Nigerian National Petroleum Corporation by a former Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke.

The judge ordered that the money should be permanently forfeited to the Federal Government.

The Economic and Financial Crimes Commission had traced the money to three commercial banks in the country where it was kept in the sums of N23,446, 300,000, N9,080,000,000 and  $5m.

The anti-graft agency had on January 6, 2016 approached Justice Hassan with an ex parte application, wherein it stated that the money was proceeds of crime and urged the judge to make an order to forfeit it to the Federal Government temporarily.

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