A report by The Cable indicates that former minister of petroleum, Diezani Alison-Madueke, today temporarily forfeited $153.3 million to the federal government. This was sequel to an order by a federal high court in Lagos.

According to the Economic and Financial Crimes Commission (EFCC), the seized money was taken from the Nigerian National Petroleum Corporation (NNPC) and stashed in three Nigerian banks in Nigeria, in US dollars and naira.

EFCC said that out of the money, N23.4 billion was kept in Sterling Bank Plc, N9.08 billion in First Bank Plc and $5m in Access Bank Plc.