Diezani Alison-Madueke loses 56 houses to FG as court orders permanent forfeiture

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Justice Abdulaziz Anka of the Federal High Court sitting in Ikoyi, Lagos, on Wednesday, October 11, 2017, ordered the final forfeiture of a total of 56 houses belonging to a former Minister of Petroleum Resources, Diezani Alison-Madueke, to the Federal Government.

The properties valued at about $21,982,224 are located in Lagos and Port Harcourt, River State.
The order followed an exparte application filed by the Economic and Financial Crimes Commission (EFCC).
The EFCC, in an affidavit in support of the application, stated that Alison-Madueke, who is currently in the United Kingdom where she is also being investigated for money laundering, had acquired the houses between 2011 and 2013 with proceeds of crime.
The forfeited property includes: 21 mixed housing units of 8 numbers of four bedroom penthouse apartment; six numbers of three bedroom apartments; two numbers of three bedroom apartment and one number of four bedroom apartment, all ensuite and located at 7, Thurnburn Street and 5 Raymond Street, Yaba, valued at N937 million and bought through Chapel Properties Ltd.
Others are: 16 numbers of four bedroom terrace, located at Heritage Court Estate, Omerelu Street, Diobu GRA, Port Harcourt, River States, valued at N928 million and bought through Blue Nile Estate Ltd; 13 numbers of 3 bedroom with one room maid’s quarter, situated at Mabushi Gardens Estate, Plot 1205, Cadastral Zone B06, Mabushi, Abuja, valued at N650 million and bought through Azinga Meadows Ltd and six flats of three bedroom and one boys quarter, located at Plot 808 (135) Awolowo Road, Ikoyi, Lagos, valued at N805 million and bought through Vistapoint property Development Ltd.

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