• Advert Rate
Saturday, June 28, 2025
  • Login
TVC News
  • World News
  • Politics
  • Business
  • Sport
  • Tech
  • Health
  • Entertainment
  • Show
    • Election 2023
    • Journalist Hangout
    • Issue With Jide
    • Trending Video
  • More
    • Advert Rate
    • Contact Us
    • Cookies Policy
No Result
View All Result
  • World News
  • Politics
  • Business
  • Sport
  • Tech
  • Health
  • Entertainment
  • Show
    • Election 2023
    • Journalist Hangout
    • Issue With Jide
    • Trending Video
  • More
    • Advert Rate
    • Contact Us
    • Cookies Policy
No Result
View All Result
TVC News
No Result
View All Result

Court orders final forfeiture of Diezani’s $40m worth of jewellery

November 26, 2021
in Business News, Latest Nigeria News, Nigeria News
Court orders final forfeiture of Diezani's $40m worth of jewellery

Court orders final forfeiture of Diezani's $40m worth of jewellery

Share on FacebookShare on Twitter

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

Justice Festus Obande who delivered the judgment on Friday held that there was no substance in Mrs Alison-Madueke’s bid to overturn the lower court’s order.

The appellate court affirmed the 2019 judgment of Justice Nicholas Oweibo of the Federal High Court In Lagos, which forfeited the jewellery following an application by the Economic and Financial Crimes Commission (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.

Then, Justice Oweibo on July 19, 2019 granted the EFCC’s motion for final forfeiture of the jewellery after hearing the arguments of its counsel, Rotimi Oyedepo, on grounds that the former Minister failed to show cause why the jewellery should not be forfeited to the Federal Government.

But, Mrs Allison-Madueke had challenged the seizure of the jewellries from her premises by the EFCC.

An affidavit filed on her behalf by her counsel, Prof Awa Kalu (SAN), stated that Mrs Diezani, who is currently in the United Kingdom, alleged that the EFCC violated her fundamental “right to own property and to appropriate them at her discretion,” under sections 43 and 44 of the constitution.

Next Post
NANS rejects subsidy removal, N5000 payment to 240m Nigerians

NANS rejects proposed subsidy removal, payment of N5000 to 4om Nigerians

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

YouTube player
Get Breaking News Alerts on WhatsApp! Subscribe now and never miss an update
ADVERTISEMENT

Headlines

  • Live-Stream
  • World News
  • Politics
  • Business
  • Sport
  • Tech
  • Entertainment

Shows

  • Issue With Jide
  • Journalist Hangout
  • This Morning
  • TVC Breakfast
  • Today in the news
  • Documentaries

Live TV

  • Windows & Mac
  • iPhone & iPad
  • Android & IOS

App Download

  • Download Android App
  • Download for iOS
  • HOME
  • ADVERT RATE
  • Contact

© 2022 TVC Communications - Owner of TVC News

No Result
View All Result
  • World News
  • Politics
  • Business
  • Sport
  • Tech
  • Health
  • Entertainment
  • Show
    • Election 2023
    • Journalist Hangout
    • Issue With Jide
    • Trending Video
  • More
    • Advert Rate
    • Contact Us
    • Cookies Policy

© 2022 TVC Communications - Owner of TVC News

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In