Featured
Diezani Allison-Madueke, others forfeit $53m to US govt
The US department of justice has announced the final resolution of two civil cases seeking the forfeiture of the luxury assets that were laundered in and through the country in a case involving Diezani Alison-Madueke, former minister of petroleum resources, and her associates.
Diezani’s associates who were named in the forfeiture case are Kola Aluko, a Nigerian businessman, and Jide Omokore, chairman of Atlantic Energy Drilling Concepts Nigeria Limited. The department said the forfeited assets were the “proceeds of foreign corruption offenses”.
“With the conclusion of the cases, the department has recovered roughly $53.1 million in cash – constituting the net liquidated value of the defendant’s assets – plus a promissory note with a principal value of $16 million,” the U.S. Justice department said in a statement.
-
News1 week agoWidow of late investigative broadcaster Kola Olawuyi dies
-
Crime1 week agoOutrage as NYSC doctor allegedly dies after delay in approving sick leave
-
Aviation1 week agoNIS issues updated guidelines for contactless passport renewal for Nigerians abroad
-
Latest6 days agoOne killed as ethnic clash erupts in Ibadan following reported overnight stabbing (video)
-
Latest1 week agoLagos arrests 396 beggars in fresh crackdown on street begging (Video)
-
Agribusiness6 days agoStrengthening Nigeria’s Food Production Through Reliable Water Storage Infrastructure
-
Aviation4 days agoNigeria ends third-party visa processing in U.S, directs applicants to embassy, consulates
-
Business5 days agoSEC sets July 10 deadline for Q2 ownership, capital flows returns