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Tag: Banana Island

Court orders permanent forfeiture of “Diezani’s” $37.5m property

August 7, 2017Eben Tanimola

The Federal High Court in Lagos has ordered the permanent forfeiture of a $37.5m property on Banana Island in Lagos, allegedly belonging to a former Minister of Petroleum Resource, Mrs Diezani Allison-Madueke. Justice Chuka Obiozor ordered the permanent forfeiture of the property to the Federal Government on Monday after the Economic and Financial Crimes Commission […]

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Diezani

Court orders interim forfeiture of Diezani’s Banana Island property, money

July 20, 2017Ayo Olowo

A federal high court in Lagos has ordered the interim forfeiture of an estate in Banana Island reportedly owned by Diezani Alison-Madueke, former minister of petroleum. The court also ordered the temporary seizure of $3.7m in a Zenith bank account allegedly owned by the former minister. The order followed an ex parte application filed by […]

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