Money laundering: Appeal Court affirms forfeiture of Diezani’s $40m jewellery

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

Lovetvnews Nigeria reports that the court held that there was no substance in Alison-Madueke’s bid to overturn the lower court’s order.

The court also affirmed the 2019 judgment of Justice Nicholas Oweibo of the Federal High Court which forfeited the jewelry following an application by the Economic and Financial Crimes Commission.

The appellate court gave its judgment in an appeal filed by Alison-Madueke marked as Appeal No CA/L/1263/19 between Alison-Madueke and the EFCC.

Details later…