Appeal court affirms forfeiture of Allison-Madueke’s $40m worth of jewellery to fG

The Lagos Division of the Court of Appeal, has affirmed the forfeiture of a $40 million worth of jewellery belonging to a former Minister of Petroleum Resources, Diezani Alison-Madueke, to the Federal Government.

The Federal Court in Ikoyi, Lagos, presided by Justice I. N. Oweibo had, on Tuesday, September 10, 2019, ordered the final forfeiture of the jewellery and a customized gold Iphone valued at $40 million belonging to Allison-Madueke, to the Federal Government.

Earlier, Justice Oweibo had, on July 5, 2019, granted the interim forfeiture of the properties following an ex-parte application filed by the Economic and Financial Crimes Commission (EFCC).