Seized $40m Jewelry: Madueke’s fight To reclaim possession adjourned to September 10

Justice Nicholas Oweibo of the Federal High Court sitting in Ikoyi, Lagos on Monday, September 2, 2019, further adjourned to September 10, 2019 ruling on the final forfeiture of Diezani Alison Madueke’s jewellery and a customized gold iphone all valued at $40M.

Recall that the Economic and Financial Crimes Commission, EFCC, had on July 5, 2019 secured the interim forfeiture of 2,149 pieces of jewellery and a customized gold iPhone belonging to Madueke, a former Minister of Petroleum Resources.

Meanwhile, the court had called on parties involved to show cause as to why the properties should not be finally forfeited to the Federal Government with Madueke, accusing the Commission of entering her apartment illegally and taking the items without any court order.

At today’s sitting, the prosecution counsel, Rotimi Oyedepo who prayed the court for the final forfeiture of the jewellery, showed the court the search warrant detailing all the items recovered at the respondent’s premise.

He also informed the court that “at this stage of the proceeding, what is expected of the respondent is to present credible evidence as to the source of the property sought to be forfeited.

Rotimi also argued that the respondent did not declare the assets in the Asset Declaration form and it was an attempt to conceal the items, urging the court not to ascribe any privatize value to the deponent’s counter affidavit as the facts deposed to were not in the knowledge of the respondent.

The defence counsel, Nnamdi Awa-Kalu had earlier in the proceedings urged the court to dismiss the application and its contents.

He prayed the court to disregard it in its entirety, on the grounds that the arguments were mere speculations and also argued that the court lacks jurisdiction to forfeit the properties.



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