Court takes Nigerian ex-oil min’s assets

LAGOS, March 2, 2018 – A judge in Lagos has ordered the seizure of two multi-million-dollar properties from former oil minister Diezani Alison-Madueke, local media reported Thursday.

The two penthouses, located in Ikoyi, Lagos, were reportedly purchased for USD 3.6 million and USD 1.2 million.

Federal High Court Judge Mojisola Olatoregun said she had “no hesitation in ordering the final forfeiture of the properties to the federal government.”

Former Minister Alison-Madueke, who held office from 2011 to 2015, was charged with money laundering in absentia in April 2017, while USD 110 million was seized from her bank accounts in February 2017. In August 2017, an additional USD 40 million in assets belonging to the former minister and four housing complexes linked to her were seized. She also faces investigations in the UK and USA.

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