Dieziani looses $37.5million Mansion in Banana Island

It has been gathered that the former minister of Petroleum Resources, Diezani Allison-Maduekwe has lost her $37.5 Million Banana Island property (15 – storey building) to
the Federal Government (final forfeiture), following a court’s pronouncement today.

Permanent forfeiture of the property to the Federal Government on Monday She was prosecuted by the EFCC. Presiding Judge, Justice Chuka Obiozor ordered the after the Economic and Financial Crimes Commission argued a motion on notice before him.

The property, identified as building 3, Block B, Bella Vista Plot 1, Banana Island Foreshore Estate, has 24 apartments, 18 flats and six penthouses, according to prosecutors.

Justice Obiozor had on July 19 ordered the temporary forfeiture of the property after listening to an exparte application brought by the EFCC’s Head of Legal, Mr Anselm Ozioko.

He also directed the EFCC to publish the order in the newspapers so that any interested party who does not want the money to be permanently forfeited to the Federal Government could appear in court within 14 days.

The respondents did not appear in court hence the judgement.

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