Nigerian former oil minister ordered to hand over more than $20m
Lagos/Abuja — A Nigerian court ordered the forfeiture of 7.6 billion naira ($21m) allegedly belonging to former oil minister Diezani Alison-Madueke, according to the country’s main anticorruption agency. The funds, which are being held in a local bank, must be transferred to the government, the Economic and Financial Crimes Commission said in a statement posted on its website on Monday. The antigraft agency has charged Alison-Madueke in court after accusing her of obtaining the sum through "illegal activities", it said. Alison-Madueke, who is believed to be in the UK, is facing a series of corruption cases in Nigeria. Monday’s ruling came after a court on ordered the interim forfeiture of properties worth $21.4m on August 22, that allegedly belonged to her. Nigeria, Africa’s top crude producer, ranked 136 out of 176 countries on Transparency International’s 2016 Corruption Perceptions Index. On Tuesday, a small group of protesters in the capital, Abuja welcomed the ruling and called...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.