Stella Dimoko Korkus.com: Former Petroleum Minister, Diezani Forfeits $153.3 Million To Nigeria

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Saturday, 7 January 2017

Former Petroleum Minister, Diezani Forfeits $153.3 Million To Nigeria

Former Nigerian oil minister, Diezani Alison-Madueke, temporarily forfeited $153.3 million to the Nigerian government on Friday, the News Agency of Nigeria has reported.



This was sequel to an order by a Federal High Court in Lagos.

The seized money, according to the Economic and Financial Crimes Commission, was stolen from the Nigerian National Petroleum Corporation and stashed in three banks in Nigeria, in US dollars and Naira.

Out of the loot, N23.4 billion was kept in Sterling Bank Plc. The sum of N9.08 billion was kept in First Bank Plc and $5m in Access Bank Plc.

Justice Muslim Hassan, who gave the order, gave Sterling Bank and any other interested party 14 days to appear before him to prove the legitimacy of the monies, failing which the funds would be permanently forfeited to the Federal Government of Nigeria.

The judge made the order in favour of the EFCC which appeared before him Friday with an ex parte application seeking the temporary forfeiture of the funds.

In a nine-paragraph affidavit by by EFCC investigator, Moses Awolusi, and filed in support of the ex parte application, the anti-graft agency discovered how sometime in December 2014 the former minister invited a former Managing Director of Fidelity Bank Plc, Nnamdi Okonkwo, to her office. There they hatched the plan how $153,310,000 would be moved from NNPC to Mr. Okonkwo for Mrs. Alison-Madueke.

Mrs. Alison-Madueke, according to Mr. Awolusi, instructed Mr. Okonkwo to ensure that the money was “neither credited into any known account nor captured in any transaction platforms” of Fidelity Bank.


Mr. Okonkwo accepted and implemented the deal leading to the movement of $153,310,000 from NNPC to Fidelity Bank.

He said that two former Group Executive Directors of Finance and Account of NNPC, B.O.N. Otti and Stanley Lawson, helped Mrs. Alison-Madueke to move the cash from NNPC, Abuja, to the headquarters of Fidelity Bank in Lagos.

Mr. Awolusi said in a desperate bid to conceal the source of the money, Mr. Okonkwo, upon receiving it, instructed the Country Head of Fidelity Bank, Martin Izuogbe, to take $113,310,000 cash out of the money to the Executive Director, Commercial and Institutional Bank, Sterling Bank Plc, Lanre Adesanya, to keep.

He said the remaining $40 million was taken in cash to the Executive Director, Public Sector Accountant, First Bank, Dauda Lawal, to keep.

The investigator said out of the $113,310,000 handed over to Mr. Adesanya, $108,310,000 was invested in an off balance sheet investment using Sterling Asset Management Trustees Limited.

The money was was subsequently converted into N23.4 billion and saved in Sterling Bank.

Mr. Awolusi said the EFCC had recovered the N23.4 billion in draft and had registered it as an exhibit marked, EFCC 01.

The investigator said the EFCC had also recovered another $5 million out of the money kept with the Managing Director of Access Bank Plc, Herbert Wigwe.

He said the $5 million was recovered in draft and had been registered as an exhibit marked, EFCC 02.

According to him, First Bank’s Executive Director, Mr. Lawal had similarly converted the $40m kept with him to N9,080,000,000.

Mr. Awolusi, however, said the EFCC had recovered that also in draft and registered it as Exhibit EFCC 03.

Moving the ex parte application yesterday, the EFCC lawyer, Rotimi Oyedepo, urged Justice Hassan to order the temporary forfeiture of the funds to the Federal Government and to order Sterling Bank and Lawal, who were joined as defendants in the application, as well as any other interested parties, to appear in court within two weeks to show cause why the funds should not be permanently forfeited to the Federal Government.

Mr. Oyedepo, who said the application was brought pursuant to Section 17 of the Advance Fee Fraud and Other Related Offences Act No. 14, 2006 and Section 44(2)(‘) of the 1999 Constitution, said granting the application was in the best interest of justice.

Justice Hassan granted the order and adjourned till January 24, 2016 for the respondents to appear in court to show cause why the funds should not be permanently forfeited to the Federal Government of Nigeria.
from Saharareporters.



*Hmmm very detailed.Somebody must be singing like a bird.



49 comments:

  1. Ha ha. Did I see $... Na wa

    ReplyDelete
    Replies
    1. Abeg e pain hairy yam leg linda eze ntooor,tongue out,anuofia,ewu ewu ewu

      Delete
    2. We don't wanna hear the details aa far as the money has been collected. What we want to hear is the every single detail of how the money is to be pushed back into the economy. Thanks

      Delete
    3. Orrrrriiiiiiiiiiiiiiiiimiiiii oooo oooo oooo oooo... 23biillion.... *faints n wakesup*

      Delete
    4. 😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭 Mrs. Madujike... BET WHY...????

      Delete
    5. Can't wait for bushman Jonathan to answer some questions in Italy and London

      Delete
  2. Replies
    1. No be only you hate james,i just love his stupidity and one other fool called queen,one say him be portable,believe me this people are so jobless,they dont have a life out of here,come to read their stupid comments and laugh

      Delete
    2. Anonymous please keep your hate to yourself, I hate him in a good way, I don't hate hate him. I like him cos he's humorous. Don't drag me into your hatred

      Delete
    3. I hate you too James hater,no be your start to hate now you want me to keep it to myself,lailai I hate your guts inclusive ewu ewu abi na James be James hater again,guy mind yourself oh

      Delete
    4. hahahahaha...Look at these two haters.

      Delete
  3. Allison you see ya life *in Adaku's voice*

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  4. I gree o!sey she take the money oya after dem recover am wetin dem wan carry the money do?if no be to carry am share again amongst themselves!all this we retrieved we caught since 2015.dem never still tell us how much dem don recover and wetin dem use am for.oooo i forget dem apc go carry d money dey go arrange for 2019 election and all d money dem share for edo,oyo and riversstate election come from that recovered loot.make everybody dey fool themselves

    ReplyDelete
    Replies
    1. Did you see the four walls of classroom at all ?

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    2. Shut up broke ass mayor!...
      Why did you end up a frustrated yahoo yahoo boy if you saw the four walls of the classroom?...
      This anon is right!...
      Mugu!!...
      Maga!...

      Delete
    3. Hahaha linda eze yam hairy legs,mgbekee queen of sdk,e dey pain u,ride on don't mayor,you run from ghanaman cuz the guy finish your life here

      Delete
  5. Someone somewhere is hell bent on finishing this woman.... By the way, I think this is good...

    ReplyDelete
  6. I thought some GEJ loyalists said she never stole a kobo,so where dis money from come?? Shame on corruption supporters,una cup go soon full......fire on EFFC

    ReplyDelete
    Replies
    1. Say that again. Like the cash fell from the sky.

      Delete
    2. You can say that again! Shame on both the corrupt looters and their blind supporters.

      They wrecked Nigeria and they'll still have mouth to spill rubbish; when they're supposed to be rotting in jail.

      Delete
    3. Oh please! Shut up there was corruption but the money circulated dollar did not increase, masses could afford food stuffs recession didn't creep in, we didn't have a leader that wouldn't listen to the masses.My friend shut up I said shut up I mean shut the hell up@ bola

      Delete
    4. Don mayor.. Open yur eyes, things are arpening in naija.👎👎

      Delete
    5. @mynakedpicture Don't be dumb... Recession just don't happen...it's a culmination of gross financial embezzlement and misconduct that drives u to recession.... You should have just shut up!

      Delete
    6. @Zonacus,Do u mind the idiot. By their names, u shall know them.

      Delete
  7. Nawah. But what will she be doing with all the cash bikonu

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  8. And she still has more stashed overseas!!!

    ReplyDelete
  9. Buhari and his northern Muslim brothers should leave this innocent woman alone.
    She was not a poor woman before GEJ appointed her a minister. They just want to impoverish all rich people from the south south and south east

    ReplyDelete
    Replies
    1. Coughs at your stupidity

      Delete
    2. Coughs again.. 👄👄👄👄👄👄👄👄👄👄👄👄👄👄👄👄👄

      Delete
    3. I repel at your anserine, cloddish doltish and duncical posture.
      Your comment reeks of cretinism and eejit.

      Delete
    4. Tufia!! Aturu muru Ebule gba aka nwa... Smh.

      Delete
    5. Peace maker is right!..you all should keep being fooled.

      Delete
  10. But Aunty yii ma ga o...... these monies are huge. The way she even scattered it sef, there may be some in certain places with certain people that she may have forgotten about and the people will just be lounging with it. No wonder there were so many emergency billionaires under jona government.

    ReplyDelete
  11. All this money for one person, this is pure greed, she wanted to take some to heaven ni, na wah.

    ReplyDelete
  12. Na wa. The oil well them share recently is it not corruption. Someone is trying to tribe and continue to rule.

    This time around, God go pass them.

    Diezani you see ya life

    ReplyDelete
  13. See the huge amount of money they are mentioning!! Haba! Why is diezani like this I thought she was rich before. If she was rich so why all this reckless looting. Na wah o! Am so shocked

    ReplyDelete
  14. Linda eze will surely know how to stash it better,she has a lot of gullible followers on here,spit fire online and a low life in real life,Tuuueh ewu ewu ewu

    ReplyDelete
  15. All dis stolen by one head?
    I'm sorry to say dis uncle Jonah reminds me of Jonah in d bible....cluessness@it'
    peak.

    ReplyDelete
  16. Madam, you owe me money I mean personal money! !!!!!!!! Jesus christ! why so stingy? If you had given me part of it you wouldn't have been caught now you got caught ntorrr share next time fucking share mehn shit.

    ReplyDelete
  17. They should return d money to nnpc account bcos they need d money to pay their workers also frm a reliable source said that there is outstanding money d FG is holding d oil firm for some yrs and they are still fighting for d money up till now so FG should use d money to settle d workers

    ReplyDelete
  18. I do not believe this story played our as narrated. Yes she might have stolen, but the figures are greatly exaggerated. EFCC if you are as pure as you say you are why are people like IBB, Tinubu, all past and present governors etc still walking around freely. Stop your bias and let true justice be meted out. Remember nothing is hidden under the sun.

    ReplyDelete
    Replies
    1. Your stupidity is highly irritating..she stole! Exaggerated or not! Meanwhile people are starving to death u are here talking nonsense

      Delete
  19. This is peanut compared to what she stashed away.Can you imagine the amount of money being mentioned above while majority of the masses can't afford their daily bread.They should kwontinue"in mama Peace voice.

    ReplyDelete
  20. GEJ was busy looking into this woman's beautiful eyes while she looted like a mad woman. Hero needs to flogged. If not for our kind of system.He should be in prison for 100 years.

    ReplyDelete

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