Nigeria Federal High court has ordered the temporary giving up of the total of N7,646,700,000($ 20,122,895) allegedly deposited in Sterling Bank Plc by former Minister of Oil & Gas , Diezani Alison-Madueke.
The Economic and money Crimes Commission (EFCC) informed the court led by Justice Chuka Obiozor through ex parte application that the N7.6 billion was part of the total of N58,257,800,000($153,310,000) that Diezani allegedly drew off from the Nigerian National oil Corporation’s money box sometime in 2014.
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The Commission also added that the Madueke stashed the money in 3 Nigerian banks.
However, the Federal Government (FG) had since Feb 2016, via order granted by another judge, Justice Muslim Hassan of the Federal judicature too, gotten hold of a part of the money from the other banks.
Money traced to Madueke so far
The anti-graft agency stated in the court that the FG had recovered N23.4 billion ($61,579), $5 million and another N9.08 billion ($23,894,737) out of the $153.3million.
It, therefore, solicited the court orders Sterling Bank to make available N7.6 billion still in its custody to the FG.
This order had be granted by Justice Obiozor demanded the commission to get it documented and printed.
The case has been adjourned until 28th August, 2017 for Sterling Bank and the other involved party to counter the court ruling on why the funds mustn’t be forfeited to the Federal Government.
A little introduction of Diezani Madueke and her Allegations
Diezani Alison Madueke was the Petroleum Minister who served the nation in President Goodluck Johnathan’s regime. Her corruption allegation started when she was accused of personally organizing a transfer of N1.2 trillion ($6 billion) from Nigerian treasury which happened around October, 2015.
She was also responsible for a missing sum of $20 billion(N7.6 trillion) from Petroleum Agency. She also, award contracts worth billions of naira without following due process.
She was also accused of lavishing government fund and wasted billion of dollar ( Tax payer’s fund) on private jets.