Court orders Diezani to Permanently forfeit $37.5m Banana Island Property

The former petroleum minister Allison-Madueke Diezani has been ordered to forfeit her $37.5 million property located in Banana Island by the Federal High Court in Lagos. Also, the court ordered that $2,740,197.96 and N84,537,840.70 realised as rents on the property also be forfeited.

It can be recalled that the court had earlier in the month ordered the seizure of both the property and the sums of money.The Economic and Financial Crimes Commission (EFCC) lawyer Anselem Ozioko had told the court that despite the anti-graft agency’s effort to personally serve the second and third respondents of the case, Afamefuna Nwokedi, and a company, Rusimpex Limited respectively, they did not show up at the court to contest the forfeiture order.

These were the exact words of Ozioko: “in summary, it appears as if they are not willing to contest this application”. The judge Justice Chuka Obiozor ordered the forfeiture, saying: “In the face of the publication, which I find in Exhibit B of the affidavit of compliance before me, and there being no responses from any interested party, I have no other option but to grant the orders as prayed.”

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