Judge Orders Temporary Forfeiture Of N1.5bn Ikoyi Properties Linked To Alison-Madueke



Justice Mojisola Olatoregun of the Lagos Division of the Federal High Court 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 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.

The judge 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.





Related Article


Posted By cheatmaster On 06:41 Tue, 05 Dec 2017

Comments:0 || Views:

Comment
Name




.....................

Please LOGIN or REGISTER To Gain Full Access To This Article


Wapbaze is an Entertainment website that deals in uploding of music tracks of any kind and letting her users download them in Mp3 formats of high quality. Wapbaze.com is the main website, Wapbaze.com/music/ is the folder for latest songs, wapbaze.com/movies/ is for mp4 movies updates so as wapbaze.com/videos/ is for 3gp music videos updates and wapbaze.com/forum/ is for latest gist, news, health and tech updates.