Ibrahim Magu, acting chairman of the Economic and Financial Crimes Commission (EFCC), has again asked the United Kingdom to extradite Diezani Alison-Madueke, former minister of petroleum resources. The anti-graft agency has filed charges of alleged money laundering against the former minister who left the country for the UK shortly before the inception of the President Muhammadu Buhari's administration. The EFCC started a [...]
Tag "diezani alison-madueke"
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The Asset Management Corporation of Nigeria (AMCON) has taken over a company and seven properties belonging to Olajide Omokore, a business associate of Diezani Alison-Madueke, a former minister of petroleum resources. In a statement released on Monday, the corporation said C.J. Aneke, a justice of the federal high court in Lagos, granted an injunction to take over the assets over a [...]
A federal high court in Abuja has threatened to strike out fraud charges brought against Diezani Alison-Madueke, former minister of petroleum resources, by the Economic and Financial Crimes Commission (EFCC). Ijeoma Ojukwu, the judge, issued the threat on Tuesday at the mention of the case by Farouk Abdallah, the prosecution lawyer, over the continued absence of the accused. Abdallah said the federal government [...]
Ibrahim Magu, acting chairman of the Economic and Financial Crimes Commission (EFCC), says the $40 million worth of jewellery seized from the residence of Diezani Alison-Madueke, former minister of petroleum resources, will be auctioned by its actual value. Magu disclosed this on Thursday while briefing stakeholders on the crusade against cybercrime and fraudsters. In September, a federal high court in Lagos ordered the [...]
A federal high court in Lagos has ordered the permanent forfeiture of $40 million worth of jewellery seized from the residence of Diezani Alison-Madueke, former minister of petroleum resources, to the federal government. In his ruling on Tuesday, Nicholas Oweibo, the presiding judge, held that the former minister failed to show cause why the jewellery should not be permanently forfeited to [...]
Diezani Alison-Madueke, former minister of petroleum resources, has asked a federal high court in Lagos to order the Economic and Financial Crimes Commission (EFCC) to return her seized jewellery and a customised gold iPhone. In an application filed by Awa Kalu, her legal counsel, Diezani accused the EFCC of entering her apartment illegally and taking the items without any court order. The court had [...]
Ibrahim Magu, acting chairman of the Economic and Financial Crimes Commission (EFCC), has accused the UK authorities of being too slow with the prosecution of Diezani Alison-Madueke, former minister of petroleum. Speaking on Wednesday while receiving a team of International Criminal Police Organisation (Interpol) at the commission's headquarters in Abuja, Magu said the case has festered for the past four years [...]
A federal high court in Lagos has ordered the forfeiture of jewellery and a customised gold iPhone, belonging to Diezani Alison-Madueke, former minister of petroleum resources. The Economic and Financial Crimes Commission (EFCC) valued the items at $40 million. At the court on Friday, Nicholas Oweibo, a judge, ordered the temporary seizure of the items following an ex parte application moved by Rotimi Oyedepo, [...]
Detectives from the UK are currently in Nigeria to gather more evidence in the probe of Diezani Alison-Madueke, former minister of petroleum resources, who has been standing trial on allegations bordering money laundering. According to The Nation, the detectives, who met with officials the Economic and Financial Crimes Commission (EFCC), have been in the country for a week in what appeared [...]
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The federal high court in Lagos has convicted Christian Nwosu, an ex-administrative secretary with the Independent National Electoral Commission (INEC), of bribery. He was convicted on Thursday by Mohammed Idris, the presiding judge. The Economic and Financial Crimes Commission (EFCC) had charged Nwosu, alongside two other INEC officials, for allegedly taking a bribe of N264.88 million from Diezani Alison-Madueke, former minister of [...]
Olutaye Ayeni, chief executive officer, Skymit Motors, has told the federal high court in Abuja about how Jide Omokore, an ally of Diezani Alison-Madueke, former minister of petroleum resources, bought cars worth $8 million for friends and associates. Ayeni, who is the seventh prosecution witness in an ongoing trial of $1.6 billion oil fraud case against Omokore, appeared before Nnamdi Dimgba, [...]
In May 2016, when the federal government eventually bowed to price pressures and increased the pump price of petrol to N145 per litre to reflect the market realities at the time, I warned that it was a golden opportunity to deregulate the downstream petroleum sector in Nigeria. I argued that Nigeria will keep revolving around the mountain of pump price increase and [...]
Diezani Alison-Madueke, former petroleum minister, has accused the Economic and Financial Crimes Commission (EFCC) of displaying lack of understanding of the constitutional powers of a president in managing funds meant for security and intelligence agencies. She said this in response to a report that she withdrew $1.3 billion from the account of the Nigerian National Petroleum Corporation (NNPC). In a statement issued [...]
Stella Oduah has sensationally revealed how she was removed as minister of aviation in 2014 -- and the role played by Diezani Alison-Madueke, then-minister of petroleum resources. Oduah, now a senator, spoke in an upcoming book, 'On a Platter of Gold: How Jonathan Won and Lost Nigeria', written by Bolaji Abdullahi, who himself served as a minister under Jonathan from 2011-2014. The [...]
Adeyemi Edun, a London estate agent, allegedly helped Diezani Alison-Madueke, to buy property worth millions of pounds. According to This is Money, a UK financial website, Edun, who is the sole director of Daniel Ford, an estate agency in Kings Cross, London, assisted in the purchase of three London property linked to asset recovery cases in Nigeria, UK and US. The report [...]
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