{"id":7376,"date":"2017-12-06T02:16:10","date_gmt":"2017-12-06T02:16:10","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/court-orders-forfeiture-of-diezanis-4-760m-houses-to-fg\/"},"modified":"2017-12-06T02:16:10","modified_gmt":"2017-12-06T02:16:10","slug":"court-orders-forfeiture-of-diezanis-4-760m-houses-to-fg","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/court-orders-forfeiture-of-diezanis-4-760m-houses-to-fg\/","title":{"rendered":"Court orders forfeiture of Diezani\u2019s $4.760m houses to FG"},"content":{"rendered":"

\n<\/p>\n

\n

By Onozure Dania<\/p>\n

Lagos\u2014Justice Mojisola Olatoregun of a Federal High Court, sitting in Lagos, yesterday ordered that two properties\u00a0 linked to the former Minister of Petroleum, Diezani Alison-Madueke, be temporarily forfeited to the Federal Government of Nigeria.<\/p>\n

<\/p>\n

Justice Olatoregun ordered that two properties, namely\u00a0 Penthouse 21 building 5, Block C, 11 floor (Bella Vista Estate) Banana Island, Ikoyi, and Penthouse 22, Block B (Admiralty Estate) also in Ikoyi, Lagos, be forfeited to the Nigerian government, pending the conclusion of the investigation.<\/p>\n

The Judge made the order while granting an Ex-parte application for interim forfeiture of the said properties, filed and argued before the court by the Economic and Financial Crimes Commission (EFCC), through its lawyer, Anslem Ozioko.<\/p>\n

\"\"<\/p>\n

The anti- graft agency in the Ex-parte application marked FHC\/L\/CS\/1793c\/17, which has Diezani Alison-Madueke, Donald Amagbo, Schillenburg LLC, and Sequoyah Property Limited, as respondents, asked the court for an interim forfeiture order, forfeiting the said buildings to the Federal government of Nigeria.<\/p>\n

EFCC also asked the court for an order prohibiting any disposal, conveyance, mortgage<\/a>, lease, sale or alienation or otherwise of the said assets\/properties, as they were suspected to be proceed of unlawful activity.<\/p>\n

The commission further asked for an order authorising it to appoint a competent person(s)\/ firms to manage the said two properties.<\/p>\n

Ozioko\u00a0 told the court that the application was brought pursuant to sections 17 of the Advance Fee Fraud and other fraud related offences Act number 14, 2006, and section 44(2)(b) and(k) of the constitution of the Federal Republic of Nigeria, 1999, as amended.<\/p>\n

The EFCC in an affidavit deposed to by one of its investigators, Abdulrasheed Bawa, stated that during investigation into the ownership of the two properties, YF Construction Development and Real Estate<\/a> Ltd, and that the firm\u2019s deputy Managing Director, one Mr. Fadi Basbous, volunteered extra-judicial statement, wherein he stated that the two properties were sold at $3.570m, and $1.194 m, and owned by Sequoyah Properties Limited, and Schillenburg LLC.<\/p>\n

The deponent also stated that the payment for the Penthouse 22, Block B, 8, Gerrard road, Ikoyi, and Penthouse 21, Building 5,Block C, 11 floor, Plot1, Zone N, FGN layout,\u00a0 Banana Island, Ikoyi, were made Mrs Angela Jide-Jones, and Atlantic Energy<\/a> Drilling Concept Limited, respectively.<\/p>\n

The deponent further stated that the said Mrs. Angela Jide-Jone, is the wife of Jide Omokore, while the said Atlantic Energy Drilling Concept Limited, is registered and promotes by Jide Omokore.<\/p>\n

The deponent said that Jide Omokore paid for the properties through his wife, Angela, and one of his companies, and directed the developers (seller) of the properties to sign the agreements with Schillenburg LLC and Sequoyah Properties Limited, both of which are linked to Mrs. Diezani Alison-Madueke.<\/p>\n

According to the deponent Schillenburg LLC was registered in Hongkong, and transferred on March 30, 2012, to Donald Chidi Amamgbo as sole owner, while Sequoyah Properties Limited, is registered in Nigeria, on October 11, 2011, with fictitious names of Chukwudima Nwako and Olisa Eloka, as shareholders and directors.<\/p>\n

He added\u00a0 that Donald Chidi Amamgbo stated in his extra judicial statement that he incorporated Schillenburg LLC and submitted same to Mrs. Diezani\u00a0 Alison-Madueke for a transaction.<\/p>\n

Justice Olatoregun, after listening to the submissions of the EFCC lawyer, granted the application and ordered that the two properties be temporary forfeited to the Federal government of Nigeria, and also prohibited any disposal, conveyance mortgage, lease, sale or alienation or the said properties.<\/p>\n

The judge, however, refused to grant the order authorising the anti-graft agency to appoint a competent person(s) or firm to manage the said two properties.<\/p>\n

The matter has been adjourned till December 15.<\/p>\n<\/p><\/div>\n

Vanguard <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By Onozure Dania Lagos\u2014Justice Mojisola Olatoregun of a Federal High Court, sitting in Lagos, yesterday ordered … Court orders forfeiture of Diezani\u2019s $4.760m houses to FG<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":7377,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[4],"tags":[132,1398,1330,617,489,684,408,522,1007,1432,1431,416,818,61],"class_list":["post-7376","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-commission","tag-developers","tag-financial","tag-house","tag-houses","tag-lagos","tag-mortgage","tag-nigeria","tag-owners","tag-petrol","tag-petroleum","tag-properties","tag-real","tag-seller"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/12\/Alison-Madueke-e1443811154412.jpg?fit=412%2C518&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":5380,"url":"https:\/\/amazingproperty.com.ng\/blog\/court-orders-temporary-forfeiture-of-alison-maduekes-banana-island-property\/","url_meta":{"origin":7376,"position":0},"title":"Court Orders Temporary Forfeiture of Alison-Madueke\u2019s Banana Island Property","author":"Amazing Property","date":"July 22, 2017","format":false,"excerpt":"Justice Chuka Obiozor of the Federal High Court in Lagos Wednesday ordered the temporary forfeiture of a property in Banana Island, Lagos bought for $37.5 million by a former Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke. 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Designated as\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"Lagos High Court","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/07\/Lagos-High-Court.jpg?fit=696%2C522&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/07\/Lagos-High-Court.jpg?fit=696%2C522&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/07\/Lagos-High-Court.jpg?fit=696%2C522&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":6285,"url":"https:\/\/amazingproperty.com.ng\/blog\/sterling-bank-takes-giant-strides-in-housing-sector\/","url_meta":{"origin":7376,"position":1},"title":"Sterling Bank Takes Giant Strides in Housing Sector \u00a0","author":"Amazing Property","date":"September 18, 2017","format":false,"excerpt":"\u00a0 Nigeria has a worrisome deficit in housing, which as at 2012, was estimated at a minimum of 17 million units. 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