Money Laundering: Lagos Court Orders Allison-Madueke To forfeit 56 Houses

Money Laundering: Lagos Court Orders Allison-Madueke To forfeit 56 Houses
October 11 21:15 2017 Print This Article

By Olaolu Oladipo, Lagos

A Federal High Court sitting in Lagos has ordered that a former Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke forfeits 56 houses to the Federal Government.

The properties valued at $22 million are said to be located in Lagos, Port Harcourt and Abuja and the Economic Financial and other Crimes Commission (EFCC) linked them to the ex-petroleum minister Mrs Allison-Madueke.

A breakdown of the properties include 21 mixed housing units of eight four-bedroom penthouse apartments, six three-bedroom apartments, two three-bedroom apartment and one four-bedroom apartment.

The properties located at 7, Thurnburn St., and 5, Raymond St., Yaba, are valued at N937 million and bought through Chapel Properties Ltd.

The 16 four-bedroom terrace located at Heritage Court Estate, Omerelu Street, Diobu GRA, Port Harcourt, River, valued at N928 million were bought through Blue Nile Estate Ltd.

Others are 13 units of 3-bedroom with one room maid’s quarter situated at Mabushi Gardens Estate, Plot 1205, Cadastral Zone B06, Mabushi, Abuja, valued at N650 million, were bought through Azinga Meadows Ltd.

Also, the A six flats of three-bedroom and one boys quarter located at Plot 808 (135), Awolowo Road, Ikoyi, Lagos, valued at N805 million were bought for the ex-minister through Vistapoint property Development Ltd.

At the resumed hearing on Wednesday, the EFCC through its lawyers urged the court to grant the motion, arguing that the properties sought to be attached “are reasonably suspected to be proceeds of unlawful activities”.

After listening to the submissions of EFCC’s lawyer, Mr Anselem Ozioko, Justice Abdulazeez Anka, granted the motion.

The judge noted that there was no response to the applicant’s motion on notice for final forfeiture by any of the respondents in spite of the fact that they were served with the hearing notice.

“I have gone through the affidavit attached to motion for final forfeiture as well as the submissions of the EFCC’s counsel, Mr Ozioko. The court has no option considering the incontrovertible evidence led 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 judge ruled.

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