Diezani loses bid to recover $40m jewelry forfeited to FG


The court of appeal, Lagos division has dismissed an appeal filed by Diezani Alison-Madueke, former minister of petroleum resources, challenging the forfeiture of her $40million worth of jewellery to the federal government.

On July 5, 2019, the court ordered the interim forfeiture of the assets following an ex parte application filed by Rotimi Oyedepo, counsel of the Economic and Financial Crimes Commission (EFCC).

On September 19, 2019, Nicholas Oweibo, judge of a federal high court in Lagos ordered the permanent forfeiture of $40 million worth of jewelry seized from Alison-Madueke.

The high court judge held that the former minister failed to show cause why the jewelry should not be permanently forfeited to the government.

Dissatisfied, the former minister in appeal No: CA/L/1263/19 asked the appellate court to upturn the decision of the high court.

In the judgment delivered on Friday, the appellate court held that there was no substance in Alison-Madueke’s appeal to overturn the lower court’s order.

Consequently, the appellate court affirmed the 2019 verdict of the federal high court.

According to the schedule attached to the application, the jewellery, categorised into 33 sets include “419 expensive bangles, 315 expensive rings, 304 expensive earrings, 267 expensive necklaces, 189 expensive wristwatches, 174 expensive necklaces and earrings, 78 expensive bracelets, 77 expensive brooches, and 74 expensive pendants”.

The items were seized from the former minister’s residence at No. 10 Fredrick Chiluba Close, Asokoro, Abuja.

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