Infotech Wealth

News, Events, Entertainment, Fashion, Lifestyle, Business, Finance, Tips & Tricks , How to, and *Gossip. Get You News and Informations here all round.

Quick Contact

For Advert and Inquiries
Call/SMS/WhatsApp: 08036208942

For News/Eyewitness Report

Breaking

Propeller ads

Commercial

Promotion

Wednesday, 9 August 2017

Sitting In Lagos, Federal High Court Order Interim Forfeiture Of N7.6Bn Linked To Mrs Alison-Madueke

A Nigerian Federal High Court Sitting in Lagos has ordered the interim forfeiture of N7,646,700,000 said to have been illegally hidden in Sterling Bank Plc.


The country's EFCC (Economic and Financial Crimes Commission) had linked the illegal money to a former minister of petroleum resources, Mrs Allison-Madueke Diezani

The EFCC who wanted the money forfeited to the Federal government told Justice Chuka Obiozor via an ex parte application that the N7.6bn was part of a sum of $153,310,000 which Diezani allegedly siphoned from the coffers of the Nigerian National Petroleum Corporation sometime in 2014.


The EFCC also alleged that Mrs. Alison-Madueke stashed the money in three banks, and the Federal Government had since February last year, through an order granted by another judge, Justice Muslim Hassan also of the Federal High Court, recovered part of the money from the other banks.

The anti-graft agency recalled that the Federal Government had recovered N23.4bn, $5m and another N9.08bn out of the $153.3m.

It urged the court to order Sterling Bank to deliver up to the Federal Government the N7.6bn still in its custody.

Justice Obiozor granted the order and directed the commission to cause it to be published.

He then adjourned till August 28, 2017, for the bank and any other interested party to appear before him to show to know why the funds should not be permanently forfeited to the Federal Government.

No comments:

Post a Comment

Hey! Hello
What is your view about this? Your comment can be a motivation to us and other readers.

Disclosure: Comments on this blog is solely the views of individual posting it.

Check this

Recommended

Promotion

Commercial