Monday, 7 August 2017

Court orders permanent forfeiture of Diezani's $37.5m Banana Island home,rents

Former Minister of Petroleum Resources, Diezani Alison-Madueke has finally lost her $37.5million Banana Island home to the Federal government .

Justice Chuka Obiozor of a Federal High Court in Lagos on Monday also ordered that the sums of sums of $2,740,197.96 and N84,537,840.70 realised as rents on the property should equally be forfeited to the Federal Government.

It would be recalled that the  EFCC had on July 19, 2017, obtained a court order to temporarily seize the property located at Building 3, Block B, Bella Vista Plot 1, Zone N, Federal Government Layout, Banana Island Foreshore Estate, which is said to have 24 apartments, 18 flats and six penthouses.

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