Court Orders Forfeiture of $40m Worth Of Jewelry Belonging To Diezani

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    Nigeria's Minister of Petroleum Diezani Allison-Madueke speaks at a media briefing on a new gas price regime in the capital of Abuja May 27, 2010.Nigeria's state power company will pay energy companies, such as Royal Dutch Shell and ExxonMobil more for their gas to encourage investment and boost supply capacity, the oil minister said on Thursday.REUTERS/Afolabi Sotunde (NIGERIA - Tags: POLITICS ENERGY)

    A Court Sitting in Lagos has ordered the interim forfeiture to the Federal Government of some jewellery recovered EFCC in the premises of a Former Minister of Petroleum, Diezani Allison.
    The recoveries valued at about $40m were made by the Economic and Financial Crimes Commission (EFCC).
    Justice Nicholas Oweibo gave the order for the forfeiture after granting a motion exparte application brought before him by the EFCC Prosecutor, Rotimi Oyedepo.
    In the application, the EFCC noted that the expensive jewelries comprising wristwatches, necklaces, bracelets, bangles, earrings and more were reasonably suspected to have been acquired with proceeds of unlawful activities of the former Minister.

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