BREAKING: Court hands Diezani's $153.3m stolen funds to FG

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A federal high court in Lagos has ordered that banks holding the sum of $153,310,000 that belonged to former Minister of Petroleum Resources, Mrs. Diezani Alison-Madueze should hand over the money to the Federal Government.

      Justice Muslim Hassam on Friday, January 6, ordered that the funds allegedly stolen by Diezani from the Nigerian National Petroleum Corporation (NNPC) be forfeited to the Federal government.

     BREAKING: Diezani forfeits $153.3m stolen funds to FG

A court has ordered that Diezani's $153.3m stolen funds be handed to FG

The order was in favour of an exparte motion presented to the court by the Economic and Financial Crimes Commission on Friday seeking the temporary forfeiture of the funds.

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According to the presiding judge, the forfeiture is temporary but could become permanent if in 14 days representatives of the three banks do not appear before the court to prove the legitimacies of the funds in their keep.

     The Punch reports that in the exparte application, an EFCC investigator Moses Awolusi claimed that it was discovered that sometime in December 2014, Diezani invited an ex-Managing Director of a bank Nnamdi Okonkwo to her office where they hatched the plan of how a cash sum of $153,310,000 would be moved from NNPC to be saved for Diezani.