Fidelity bank card banner Camano banner
Court orders final forfeiture of looted N7.6bn illegally kept in Sterling Bank

By Adeshola Soyele on 28/08/2017

Views: 930


 The Federal High Court Sitting in Lagos has ordered the final forfeiture of a sum of N7,646,700,000 allegedly hidden in a bank by a former Minister of Petroleum Resources, Mrs Diezani Alison-Madueke, to the Federal Government.

The court had on August 9, 2017, ordered the interim forfeiture of the sum said to have been illegally kept in Sterling Bank Plc.

The order granted by the vacation judge, Justice Chuka Obiozor, followed an ex parte application argued before him by the Economic and Financial Crimes Commission (EFCC).

The EFCC also alleged that Mrs Alison-Madueke stashed the money in three banks, and the Federal Government had since February last year, through an order granted by another judge, Justice Muslim Hassan also of the Federal High Court, recovered part of the money from the other banks.

Text courtesy of Channels TV.

 

Source News Express

Posted 28/08/2017 3:56:44 PM

 

 

CLASSIFIED ADS

 

You may also like...
EFCC re-arraigns Ladoja over N4.7bn fraud

10 APC supporters arrested with guns during re-run...

Brazil 2014 World Cup: Keshi’s list raises eyebrows,...

Ebube Muonso opens up on alleged war with...

Implementation committee declares Enugu ready for take-off of...

Dasuki rubbishes DSS’ claim on arms procurement probe...

Nigeria reaffirms commitment to host African Tourism Ministers...

EFCC arrests Ex-Amnesty Boss Boroh; $9m cash allegedly...

Yero moves to give Southern Kaduna full-fledged university...

Prof. Jega disowns Twitter account; declares it fake...

Fierce fighting as Boko Haram ambushes Chief of...

British Airways apologises after 380,000 customers hit in...

 

Latest News Boko Haram governs Borno communities, collects taxes – Arch Bishop Over 100 persons jostle for commissioners in Kano Four charged with murder over plane crash that claimed 298 lives Disquiet over Ijaw elections, threats of parallel EXCO Boko Haram fuel and drug suppliers nabbed in Adamawa Ogun: Tribunal suspends sitting over threat to lives of witnesses Man steals grandma’s underwear in Ekiti after being promised N2, 000 First Bank manager arraigned for allegedly stealing N52.6m Two 14-year-old boys found guilty of murdering schoolgirl Submit fake document, face wrath of law, NYSC boss warns Corps members Anti-party activities: Ex-Gov Yari rejects APC’s committee report 14 injured as lightning strikes military base

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (495,067 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (425,790 views) Shameless Genevieve Nnaji exposes breasts in public (365,661 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (312,250 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (276,519 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (244,184 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (234,217 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (216,108 views) 10 cars more expensive than Jets (213,245 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (204,662 views) Lagos plane crash: Journalist releases victims’ names (184,727 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (184,016 views)

 

NNPC Financial reports February 2019

CBN banner advert

UBA Wise Savers Promo

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (94) Business & Economy (4,316) Business Verdict (74) Columnists (1,052) Complaints & Requests (95) Enterprise & Opportunities (209) Entertainment (624) Features (762) Global Business Monitor (379) ICT Monitor (53) International (3,606) Interview (184) Live Commentary (30) Love Matters (162) Maggie's Blog (305) News (47,524) Opinion (1,262) Pidgin (17) Politics (11,038) Religion (1,026) Sports (2,045) Stock Watch (39) AMA & Al Jazeera Global Update

 

 

 

 

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera