Justice Abdul-Azeez Anka of the Federal High Court in Lagos has ordered the permanent forfeiture of 56 properties situated in Lagos, Port Harcourt and Abuja, valued at $21,982,224 (about N6.7 billion) that are linked to a former Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, to the federal government.
The order followed the motion filed by the Economic and Financial Crimes Commission (EFCC), which sought permanent forfeiture of the properties. The anti-graft agency, while urging the court to grant the motion, argued that the properties sought to be attached were reasonably suspected to be proceeds of unlawful activities.
Delivering the ruling on Wednesday (October 11, 2017), Anka said, “I have gone through the affidavit attached to the motion for final forfeiture, as well as the submissions of the EFCC counsel, A.B.C. Ozioko. The court has no option, considering the incontrovertible evidence filed by the EFCC, than to grant the application. The motion for final forfeiture is accordingly granted as prayed. All parties have a right of appeal.”
The forfeited properties included 21 mixed housing units of eight four-bedroom penthouse apartments; six three-bedroom apartments; two three-bedroom apartments; and one four-bedroom apartment, all en suite and located at 7, Thurnburn Street and 5 Raymond Street, Yaba, valued at N937 million and bought through Chapel Properties Ltd.
The rest include 16 numbers of four-bedroom terraces, located at Heritage Court Estate, Omerelu Street, Diobu GRA, Port Harcourt, River States, valued at N928 million and bought through Blue Nile Estate Limited, 13 three-bedroom apartments with one room maid’s quarter, situated at Mabushi Gardens Estate, Plot 1205, Cadastral Zone B06, Mabushi, Abuja, valued at N650 million and bought through Azinga Meadows Limited; and six flats of three-bedroom and one boy’s quarter, located at Plot 808 (135) Awolowo Road, Ikoyi, Lagos, valued at N805 million, which was bought through Vistapoint Property Development Limited.