Court Orders Permanent Forfeiture Of Diezani’s $37.5m Mansion

Court Orders Permanent Forfeiture Of Diezani’s $37.5m Mansion

A Federal High Court in Lagos on Monday ordered the permanent forfeiture of a $37.5m Banana Island mansion owned by former Minister of Petroleum Resources, Diezani Alison-Madueke, to the federal government.

In addition to the building, the court also ordered the permanent forfeiture of the sums of $2,740,197.96 and N84,537,840.70 realised as rents on the property.

Justice Chuka Obiozor had previously ordered a temporary forfeiture of the luxury property to the federal government on Wednesday, July 19, following a motion on notice argued before him by the Economic and Financial Crimes Commission (EFCC).

The court had asked for anyone with a vested interest to present the court with reasons why the property should not be permanently forfeited to the government before Monday.

The court had also directed that the temporary forfeiture order be published in a newspaper and then adjourned till Monday.

During Monday’s hearing, no party showed up to contest the order; thereby, leaving the court with no option but to forfeit the property to the federal government.

The property, Building 3, Block B, Bella Vista Plot 1, Zone N, Federal Government Layout, Banana Island Foreshore Estate, has 24 apartments, 18 flats, and six penthouses.

The EFCC, represented by Anselem Ozioko, argued that the failure of the second and third respondents in the case, Afamefuna Nwokedi, and a company, Rusimpex Limited, meant that “they are not willing to contest this application.” 

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