Court of Appeal upholds final forfeiture of 40 million dollars Jewellery seized from Former Petroleum Minister.

Written by on November 26, 2021

The Court of Appeal sitting in Lagos has upheld the final forfeiture order on the 40 million dollars worth of Jewellery seized from the premises of the former Minister for Petroleum, Diezani Allison-Madueke.

Justice Festus Obande, who read the judgment on Friday, held that there was no substance in Alison-Madueke’s bid to overturn the lower court’s order and subsequently dismissed the move by the former Minister to challenge the forfeiture order.

Barring any appeal by the former minister to the Supreme Court, the jewelleries are to be forfeited to the Federal Government.

In July 2019 the Economic and Financial Crimes Commission (EFCC), had secured an order from Justice Nicholas Oweibo of the Federal High Court to temporarily forfeit the expensive items to the Federal Government.

According to the schedule attached to the forfeiture application, the jewellery, categorised into 33 sets, includes 419 expensive bangles; 315 expensive rings; 304 expensive earrings; 267 expensive necklaces; 189 expensive wristwatches; 174 expensive necklaces and earrings; 78 expensive bracelets; 77 expensive brooches; and 74 expensive pendants.

Seun Fakorede


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