New photos of Diezani's $37.5m Banana island property forfeited to FG

Earlier today,Justice Chuka Obiozor, a vacation judge sitting at the Federal High Court in Ikoyi, Lagos, on Monday, August 7, 2017, ordered the final forfeiture of a $37.5m( N11.75bn) property on Banana Island, Ikoyi,Lagos allegedly belonging to former Minister of Petroleum Resources, Diezani Alison-Madueke.

The court also ordered the permanent forfeiture of the sums of US$2,740,197.96 and N84, 537,840.70 respectively realized as rent on the property.

The former Minister was said to have purchased the 15-storey building, which comprises 18 flats and six penthouses, between 2011 and 2012 from the developers, YF Construction and Real Estate.

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