Saturday, September 22, 2018
Text Size

Site Search powered by Ajax

Nigeria seizes $21m linked to Diezani Alison-Madueke

Nigeria's former oil minister has been implicated in cases of fraud and misuse of public funds at home and abroad.

Diezani Alison-Madueke

A Nigerian court has seized $21m from bank accounts linked to Diezani Alison-Madueke, a former oil minister who faces corruption allegations.

Abdulazeez Anka, a federal high court judge, ordered on Monday the immediate forfeiture of the sum allegedly held in local bank accounts by Alison-Madueke, who was once one of Africa's most prominent female politicians.

Nigeria's anti-graft Economic and Financial Crimes Commission (EFCC), which accuses Alison-Madueke of corruption, argued in the Lagos court that she had illicitly laundered the funds with the help of top oil officials.

Since leaving office in 2015, Alison-Madueke has been implicated in bribery, fraud, misuse of public funds and money laundering cases in Nigeria, Britain, Italy and the United States.

Alison-Madueke - former president of the global oil cartel OPEC and the first woman to hold the post - has always denied the allegations, which involve billions of dollars syphoned from oil deals and state accounts.

Monday's ruling followed two applications by the EFCC which earlier this month successfully seized properties worth $44m that Alison-Madueke allegedly purchased with the proceeds of corruption.

The court had also ordered an interim forfeiture of 56 houses linked to the former minister valued at $9m. 

Nigeria is reeling from a series of corruption scandals by top officials. 

Earlier in April, the EFCC uncovered $43m worth of cash during an apartment raid in Lagos.

After the discovery, Nigeria's National Intelligence Agency (NIA) claimed the money belonged to the organisation, prompting President Muhammadu Buhari to suspend its head, Ayodele Oke

Also suspended and under investigation is Lawal Babachir, Buhari's secretary and longtime ally, following his indictment by the legislature for an alleged 200 million naira ($635,000) scam.

blog comments powered by Disqus

Subscribe via RSS or Email:

Rights group accuses South Sudan of...

Read More

Togo announces referendum, legislat...

Read More

Amnesty: Violence in Cameroon's ang...

Read More

South Africa's top court legalises ...

Read More

Liberia investigating disappearance...

Read More

Ethiopia: Thousands protest after d...

Read More


Thanks to all of our supporters for your generosity and your encouragement of an independent press!

Enter Amount:



Login reminder Forgot login?

Subscribe to MWC News Alert

Email Address

Subscribe in a reader Facebok page Twitter page

Israel pounds Gaza

India's Kerala state devastated

Capturing life under apartheid