Photos: Diezani’ $4.76Million PentHouse Apartments In Banana Island Ikoyi Lagos Seized By FG

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diezani $4.76million penthouse apartments seized

Dec 5, 2017 – FG Seizes Diezani $4.760Million Pent House In Banana Island & Admiralty Estate In Ikoyi Lagos

A Federal High Court in Lagos on Tuesday ordered the forfeiture of two penthouses valued at $4.760 million, which allegedly belong to ex-Petroleum Minister Mrs. Diezani Alison-Madueke.

The seized properties valued at $4.760Million dollar are Penthouse 22, Block B (Admiralty Estate) in Ikoyi, Lagos and Penthouse 21, Building 5, Block C, 11th floor (Bella Vista Estate) Banana Island also in Ikoyi.

Justice Mojisola Olatoregun ordered that they be forfeited to the Federal Government.

She ruled on an ex-parte application filed by the Economic and Financial Crimes Commission (EFCC).

The order, the judge said, is to subsist pending the conclusion of EFCC’s investigation on the properties’ ownership.

EFCC said they are reasonably suspected to have been acquired with “proceeds or crime”.

Mrs. Alison-Madueke, Donald Amangbo, Schillenburg LLC and Sequoyah Property Limited are the respondents.

The commission said the companies in whose names the properties were acquired belong to the former minister.

Justice Olatoregun also granted an injunction against any disposal, conveyance, mortgaging, lease, sale or alienation of the properties.

EFCC’s lawyer Anselm Ozioko said the application was based on Section 17 of the Advance Fee Fraud and Other Fraud Related Offences Act, 2006, and Section 44(2)(b) and(k) of the 1999 Constitution.