Former Nigeria Oil Minister, Diezani Alison Madueke has temporarily forfeited $153.3 million to the Federal Government of Nigeria.
A Federal High Court sitting in Lagos, ordered that the temporary forfeiture of the sum of $153,310,000, which a former Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, allegedly siphoned from the Nigerian National Petroleum Corporation, NNPC and stashed in three banks in the country, namely Sterling Bank Plc, First Bank Plc and Access Bank Plc.
Out of the allegedly stolen $153.3m, a sum of N23,446, 300,000 was kept in Sterling Bank Plc, N9,080,000,000 in First Bank Plc and $5m in Access Bank Plc.
After ordering the temporary forfeiture of the money to the Federal Government, Justice Hassan gave Sterling Bank and any other interested party 14 days to appear before him to prove the legitimacy of the money, failing which the funds would be permanently forfeited to the Federal Government.
The judge made the order following an application by the Economic and Financial Crimes Commission, EFCC, which appeared before him with an ex-parte application seeking the temporary forfeiture of the funds.
In a nine paragraph affidavitby the EFCC investigator, Moses Awolusi and filed in support of the ex parte application, the anti-graft agency discovered how sometime in December 2014 Diezani invited a former Managing Director of Fidelity Bank Plc, Namdi Okokwo, to her office.
There they hatched the plan of how $153,310,000 would be moved from NNPC to Okonkwo to be saved for Diezani.
Diezani instructed Okonkwo to ensure that the money was “neither credited into any known account nor captured in any transaction platforms” of Fidelity Bank