A developing story by Premium Times indicates that a federal high court in Lagos has ordered the final forfeiture of N23.4 billion, N9.08 billion, and $5 million (about N34 billion in total) linked to former petroleum minister, Diezani Alison-Madueke.
According to the report, Justice Muslim Hassan who had issued an interim forfeiture order on the funds on January 6, on Thursday gave a “final forfeiture order” on the funds.
The judge said he was satisfied with the Economic and Financial Crimes Commission’s argument that the monies were proceeds of illegal activity.