The Federal High Court, sitting in Lagos will, today ,decide on whether or not to permanently forfeit the N7,646,700,000 allegedly hidden in a bank by a former Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, to the Federal Government.
The court had on August 9, 2017, ordered the interim forfeiture of the sum said to have been illegally kept in Sterling Bank Plc.
The order granted by the vacation judge, Justice Chuka Obiozor, followed an ex parte application argued before him by the Economic and Financial Crimes Commission (EFCC).
The EFCC also alleged that Mrs Alison-Madueke stashed the money in three banks, and the Federal Government had since February last year, through an order granted by another judge, Justice Muslim Hassan also of the Federal High Court, recovered part of the money from the other banks.
After granting the order and directing the commission to publish it, Justice Obiozor adjourned the case until August 28, 2017 and asked any other interested party to appear before him to show proof of why the funds should not be permanently forfeited to the Federal Government.