‘How bank chief laundered N9b for ex-petroleum minister Allison-Madueke’

Former Minister of Petroleum, Alison-Madueke

Former Minister of Petroleum, Alison-Madueke

The Economic and Financial Crimes Commission (EFCC), yesterday, informed a Federal High Court Lagos that an Executive Director of First Bank Plc, Dauda Lawal, laundered funds on behalf of former Minister of Petroleum Resources, Mrs. Diezani Allison-Madueke.

Counsel to the anti-graft agency, Mr. Rotimi Oyedepo, made the revelation while responding to a counter-affidavit filed by Lawal seeking to discharge an interim forfeiture order of the sum of N9.08 billion.

Justice Muslim Hassan had on January 6 this year issued an interim order of forfeiture of the sum to the Federal Government, following an exparte application filed by EFCC praying for the relief.

The commission had made the application on the ground that the fund was linked to the accused.The court had also issued 14 days to any interested party to appear and prove the legitimacy of the money, failing which the funds would be permanently forfeited to the central government.

At the resumed hearing, Mr. Charles Adeogun announced appearance for Lawal, who is joined as a respondent in the suit, while Oyedepo appeared for the anti-graft outfit.

He informed the court that in line with its interim orders of January 6, the EFCC had served same on Lawal.He also told the court that the order was also published in the Independent newspaper of January 12 in compliance with the orders of the court.

Responding, Adeogun confirmed the position and added that he had filed a counter-affidavit deposed to by Lawal, challenging the said forfeiture orders.

Arguing his application, he urged the court to issue an order, directing a refund of the total sum on the ground that same was obtained by coercion.

He contended that before such forfeiture orders could be made, two essential elements must be satisfied namely: “that the property in question is unclaimed and that such property or fund forms proceeds of an unlawful act.”

But Oyedepo countered, saying Section 17 of the Advanced Fee Fraud and other related Offences Act makes a property, reasonably suspected to be proceeds of crime, forfeitable to the Federal Government.After listening to their submissions, Justice Hassan subsequently fixed the 16th of next month for judgment.

In this article:
Diezani Allison-Madueke


3 Comments
  • Pastor Stephen

    EASY MONEY MAKING WITH ULTIMATE CYCLER, WITH JUST #12,500 YOU GET #50,000 CASH. THIS BUSINESS IS REAL BECAUSE IT HAVE PAY MANY NIGERIA AND IT IS STILL PAYING. YOU WILL BE MATCH TO PAY #12,500 TO SOME ONE AFTER WHICH 4 PERSONS PAYS YOU #12,500 EACH, TOTAL OF #50,000. YOU CAN GET THAT TOTAL OF 50K WITHIN TWO DAYS IF YOU CAN BRING 4 PERSON OR REGISTER THROUGH MY ACTIVE TEAM TO HELP YOU WITH 4 PERSON WITHIN TWO DAYS
    BECAUSE I HAVE MANY PEOPLE FROM CHURCH, MARKET, AND SOCIAL MEDIA TO PUT UNDER YOU AND YOU GET PAID FASTER. REGISTER THROUGH THIS ACTIVE LINK http://www.ultimatecycler.com/refx/signup/bright1759 FOR TESTIMONY CALL 07038455319

  • AUCTION CARS 2017

    we have begun the s4les of imp0unded items at our office in lagos some of the availables bags of rice are: Royal Umbrella=N8,500Mama Gold=N8,500Royal Stallion=N8,500Otunba=N7,500 Rising sun=N8,000Special Rice=N8,000Mama Africa=N8,500 Royal crown=N8,500Ade Brazil=N8,500Elephant Gold=N8,500Super Eagle=N8,500pjs=N8,000Tomato Rice=N8,500caprice =8,500 we deliver to anywhere in Nigeria.method of transportation per bag is N1,000 our hotline is madamFATIMA 08141834728 or pastor philip on 08141834728 Royal umbrella=N8,5OO, Mama Gold=N8DELIVERY FEES MUST BEEN PAID BEFORE DELIVERYo

  • AUCTION CARS 2017

    AU,C,TION OF lMPOUNDED RICE FOR S4LE AT L0W P,RlCES. #6,500, AND GROUNDNUT OIL FOR #5,000 CALL THE MARKETING DEPARTMENT Reach us on fatima08141834728. Royal crown=N6,5OO, Ade Brazil=N6,5OO, Elephant Gold=N6,5OO, Super eagle=N6,5OO, CAp-rice=6,500AU,C,TION OF lMPOUNDED RICE FOR S4LE AT L0W P,RlCES. #6,500, AND GROUNDNUT OIL FOR #5,000 CALL THE MARKETING DEPARTMENT Reach us on 08105667138. Royal crown=N6,5OO, Ade Brazil=N6,5OO, Elephant Gold=N6,5OO, Super eagle=N6,5OO, CAp-rice=6,500

Related