By Toby Prince
A former Minister of Petroleum Resources, Mrs Diezani Alison-Madueke, has lost her bid to recover 2,149 pieces of jewellery and a customised gold iPhone, valued at $40m at a Federal High Court in Lagos.
In a ruling on Tuesday, Justice Nicholas Nicholas Oweibo held that Diezani, through her lawyer, Awa Kalu (SAN), failed to show cause why the items should not be permanently forfeited to the Federal Government.
The Economic and Financial Crimes Commission (EFCC) had told the judge that the jewellery and iPhone were reasonably suspected to be acquired with fraud proceeds.
The anti-graft agency said the items were beyond Diezani’s legitimate earnings.