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Luxury penthouses seized in Minister's graft case

Publish date: 11 December 2017
Issue Number: 755
Diary: IBA Legalbrief Africa
Category: Nigeria

Two multimi l l i o n-dollar penthouses belonging to Nigeria's former Oil Minister Diezani Alison-Madueke have been seized as part of the state's corruption investigations. A report on the News24 site notes that a judge at the Federal High Court in Lagos ordered the apartments to be forfeited to the Economic and Financial Crimes Commission (EFCC) until the probe was concluded. Alison-Madueke, who served under former President Goodluck Jonathan until 2015, is at the centre of money laundering and bribery enquiries in several countries. She was arrested in London in October 2015 as part of a British investigation into international corruption, and remains on bail. The properties have a combined value of $4.76m and the EFCC investigation is seeking to determine whether they were bought with the proceeds of crime.

Full Fin24 report

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