A Federal High Court, sitting in Lagos today ordered permanent forfeiture to the Federal Government of a $37.5m skyscrapper on the highbrow Banana Island, Lagos, belonging to former Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke.
The Presiding Judge (Professor) Chuka Obiozor, also ordered that the sums of $2,740,197.96 and N84,537,840.70 realised as rents on the property should also be forfeited to the Federal Government. Justice Chuka Obiozor made the order following a motion on notice argued by the Economic and Financial Crimes Commission’s counsel (EFCC).
The anti-graft agency had on July 19, 2017, obtained a court order to temporarily seize the property located at Block B, Bella Vista Plot 1, Zone N, Federal Government Layout, Banana Island Foreshore Estate, which is said to have 24 apartments, 18 flats and six penthouses.
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