BREAKING: Diezani loses bid to recover $40m jewellery from Fed Govt

BREAKING: Diezani loses bid to recover $40m jewellery from Fed Govt

The Court of Appeal Lagos Division on Friday dismissed an appeal by the embattled former Minister of Petroleum, Mrs Diezani Alison-Madueke, challenging the forfeiture of her $40million worth of jewellery to the Federal Government.

The appellate court held that there was no substance in Alison-Madueke’s bid to overturn the lower court’s order.

It affirmed the 2019 judgment of Justice Nicholas Oweibo of the Federal High Court which forfeited the jewellery following an application by the Economic and Financial Crimes Commission (EFCC).

The Nation reports that the appellate court gave its judgment in an appeal filed by Alison-Madueke marked as Appeal No CA/L/1263/19 between DIEZANI ALISON MADUEKE the EFCC).

On July 5, 2019, the EFCC secured an order of the high court temporarily forfeiting the expensive items to the Federal Government.

According to the schedule attached to the application, the jewellery, categorised into 33 sets, include “419 expensive bangles; 315 expensive rings; 304 expensive earrings; 267 expensive necklaces; 189 expensive wristwatches; 174 expensive necklaces and earrings; 78 expensive bracelets; 77 expensive brooches; and 74 expensive pendants.”

The items were seized from the former Minister’s premises, at No. 10 Fredrick Chiluba Close, Asokoro, Abuja.

Justice Oweibo on July 19, 2019 granted the EFCC’s motion for final forfeiture of the jewellery.

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