ALISON-MADUEKE SET TO LOSE $153,310,000, EXCEPT..


 
Published on : Jan 06, 2017 16:40:47 | Posted by : KingArthur
 
 

Former Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke is set to lose $153,310,000, which she allegedly embezzled from the Nigerian National Petroleum Corporation and stored in three banks in the country.

It was alleged that out of the allegedly stolen $153.3m, a sum of N23,446, 300,000 was kept in Sterling Bank Plc, N9,080,000,000 in First Bank Plc and $5m in Access Bank Plc.

A Federal High Court in Lagos, headed by Justice Muslim Hassan, ordered the temporary forfeiture of the sum which is likely to become a permanent forfeiture except the parties involved can prove the legitimacy of the money.

The judge gave the verdict in favour of the Economic and Financial Crimes Commission which appeared before him on Friday with an ex parte application seeking the temporary forfeiture of the funds.

In a nine-paragraph affidavit filed in support of the ex parte application, an EFCC investigator, Moses Awolusi, alleged that the anti-graft agency discovered through its investigations how sometime in December 2014 Diezani invited a former Managing Director of Fidelity Bank Plc, Nnamdi Okonkwo, to her office where they hatched the plan of how a cash sum of $153,310,000 would be moved from NNPC to Okonkwo to be saved for Diezani.

 
unknown