Nigeria seizes properties linked to ex-oil minister

Nigeria seizes properties linked to ex-oil minister

A Nigerian court confiscated four large housing complexes worth $7 million from a former oil minister accused of corruption on Tuesday as fraud investigators continue to claw back her fortune.

Lagos high court judge Abdulaziz Anka ordered former petroleum minister Diezani Alison-Madueke to hand over the developments located across Nigeria that were found to have been purchased with suspect cash.

Nigeria’s anti-graft Economic and Financial Crimes Commission (EFCC) argued in court that Alison-Madueke, along with her cousin Donald Chidi Amamgbo, had made the purchases through front companies.

During a search of Amamgbo’s property, investigators also found documents indicating that he owned some 18 companies and property in Britain and the USA — as well as Nigeria.

He told officers that he had registered the corporations in order to hold property on Alison-Madueke’s behalf, the court heard.

Amamgbo also revealed that Alison-Madueke had made mortgage payments worth more than $3.3 million (2.8 million euros) in cash.

Since leaving office in 2015, Alison-Madueke has been implicated in bribery, fraud, misuse of public funds, and money laundering cases in Nigeria, Britain, Italy and the United States.

The first female president of the global oil cartel OPEC — who was one of Africa’s most prominent female politicians — has always denied the allegations, which involve billions of dollars syphoned from oil deals and state accounts.

The ruling followed an application by the EFCC which earlier this month successfully confiscated a $37-million luxury apartment complex from the former official.

Alison-Madueke was appointed the country’s first female oil minister by former president Goodluck Jonathan in 2010.

She is currently on police bail in London after being arrested in connection with a British probe into international corruption and money laundering.

Alison-Madueke has 14 days to appeal Tuesday’s ruling.

 

Source: AFP

Facebook Comments

About author

Nigerians in South Africa
Nigerians in South Africa 4279 posts

We are about democracy, human rights, public opinion, political behavior, civil rights and policy aimed at improving the human condition, with a focus on African countries.

You might also like

Somber ceremony recalls those killed in Pearl Harbor attack

Somber ceremony recalls those killed in Pearl Harbor attack

Abandoned newborn boy found alive in Plessislaer, KZN

An abandoned new born baby was found alive in Plessislaer in KwaZulu-Natal on Sunday morning, ER24 said.Spokesperson Ineke van Huyssteen said a search and rescue team followed a footpath to where residents said they heard a baby crying. “Shortly afterwards, ER24 paramedics met the team on the path where they found them carrying the baby boy.” They…

GHANAIAN MAN GUILTY OF BRITAIN’S ‘BIGGEST FRAUD’ TO BE DEPORTED TO GHANA

A former banker who perpetrated the greatest fraud in British history has been detained and is about to be deported to Ghana, where he was born 32 years ago. Kweku

0 Comments

No Comments Yet!

You can be first to comment this post!

Leave a Reply