Posted on: 09:09 Sat, 07 Jan 2017

Diezani Alison-Madueke, the ailing former minister of petroleum, temporarily forfeited millions of dollars to the federal government on Friday.



Sequel to an order by a federal high court sitting in Lagos, former minister of Petroleum, Diezani Alison-Madueke, has temporarily forfeited $153.3 million to the President Muhammadu Buhari-led federal government on Friday.

According to TheCable News, the Economic and Financial Crimes Commission (EFCC), said the seized money was taken from the Nigerian National Petroleum Corporation (NNPC) and stashed in three Nigerian banks in Nigeria, in US dollars and naira.

EFCC said that out of the money, N23.4 billion was kept in Sterling Bank Plc, N9.08 billion in First Bank Plc and $5m in Access Bank Plc.
We'll be bringing you more details later...