Tag: Diezani

Diezani loses bid to recover $40m jewelry from FG

Aminu Imam

…Appeal Court affirms forfeiture The Court of Appeal, Lagos Division, yesterday, affirmed the forfeiture of a $40 million worth of jewelry belonging to a former Minister of Petroleum Resources, Diezani Alison-Madueke, to the Federal Government. Recall that Justice I.N. Oweibo, of the Federal High Court sitting in Ikoyi, Lagos, had on September 10, 2019, ordered the final forfeiture of the jewelry and a customised gold I-phone valued at $40m belonging to Allison-Madueke, to the Federal Government. The Judge had, earlier on July 5, 2019, granted the interim forfeiture of the…

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Diezani Alison-Madueke: Absence of EFCC counsel stalls ex-Petroleum Minister’s trial

Aminu Imam

The absence of counsel to the Economic and Financial Crimes Commission, (EFCC), and the former Minister of Petroleum Resources, Diezani Alison-Madueke, in court yesterday stalled the money laundering trial. Recall that a Federal High Court, Abuja, had fixed today, Nov. 3, for the EFCC to give a report on its effort at extraditing Alison-Madueke to the country to stand her trial, and for possible mention of the case. Justice Ijeoma Ojukwu was the presiding judge in the matter; however, the case was reassigned to Justice Bolaji Olajuwon, following the transfer…

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Alleged crude oil sales bribery: ‘$272m paid to Diezani’– Ex Glencore trader tells U.S. Justice Dept.

Aminu Imam

Nigeria’s former minister of petroleum resources, Diezani Alison-Madueke, was part of a grand kickback scheme involving officials of state-run Nigerian National Petroleum Corporation (NNPC) and middlemen that delivered mouth-watering deals to foreign oil companies by softening the contracts’ terms. According to a Bloomberg report on Tuesday, a former trader with Glencore, a Swiss-based commodity trading firm, Anthony Stimler made this revelation to the US Department of Justice, (DoJ). Stimler, himself a subject of a related graft case being heard in the U.S., has named seven other accomplices, four of whom…

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Swiss-based oil firm bribed NNPC officials millions of dollars for crude oil lifting contracts under Diezani – Report 

Aminu Imam

A former staff of Swiss-based oil trader, Glencore, a company that has been awarded several crude lifting contracts by the Nigerian National Petroleum Corporation, (NNPC), Anthony Stimler, has confessed that he paid bribes to intermediaries on the understanding that it would be passed on to its officials to influence the government’s crude oil allocation during Diezani Alison Madueke’s tenure as petroleum minister. Stimler, currently helping U.S. Justice Department investigators into the company and former colleagues, said for a dozen years, he had paid millions in bribes to African officials and…

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Recovered loot: Diezani forfeits jewellery, houses valued at N47.6bn – EFCC

Aminu Imam

Former Minister of Petroleum, Diezani Alison-Madueke forfeited assets worth N47.6 billion to the Federal Government. The EFCC Chairman, AbdulRasheed Bawa, who made this known yesterday, said the jewellery component of the assets was worth N14.6 billion. Bawa disclosed the figures before the House of Representatives ad-hoc committee investigating the status of recovered loot yesterday, in Abuja. He also said that the houses seized from the former Minister are also valued at $80million, about N32.97 billion. The total asset forfeiture is N47.57 billion. The anti-graft chairman said that Diezani’s jewellery is…

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“We’ve recovered $153m from Diezani” — EFCC Chairman

Aminu Imam

…Says he won’t pay allegiance to individuals in the govt. The Chairman of the Economic and Financial Crimes Commission, (EFCC), AbdulRasheed Bawa, said on Tuesday that the Commission has recovered a whopping $153 million from former Petroleum Minister, Diezani Alison Madueke, who has been staying in Britain since leaving office in 2015. He said apart from that, no fewer than 80 choice properties valued at $80 million has also been seized from her and handed over to the Federal Government. Bawa, who disclosed this, also served a notice that he…

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“We’ve recovered $153m from Diezani” — EFCC Chairman

Aminu Imam

…Says he won’t pay allegiance to individuals in the govt. The Chairman of the Economic and Financial Crimes Commission, (EFCC), Abdulrasheed Bawa, said on Tuesday that the Commission has recovered a whopping $153 million from former Petroleum Minister, Diezani Alison Madueke, who has been staying in Britain since leaving office in 2015. He said apart from that, no fewer than 80 choice properties valued at $80 million has also been seized from her and handed over to the Federal Government. Bawa, who disclosed this, also served a notice that he…

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Alleged money laundering: Court orders Diezani to surrender self for trial

Ishaku Yohanna

The Federal High Court, Abuja, on Friday, ordered former Minister of Petroleum, Diezani Alison-Madueke, to appear before it and answer to a money laundering charge filed against her by the Economic and Financial Crimes Commission (EFCC). The judge, Ijeoma Ojukwu, gave the order in a ruling on an ex-parte motion marked: FHC/ABJ/CR/208/2018 brought by the EFCC’s lawyer, Faruk Abdallah. Ojukwu ordered the issuance of summons on Mrs Alison-Madueke for her to be arraigned on the charge. The EFCC had accused the former minister of fleeing the country for the United…

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