Nigeria's Former Petroleum Minister Diezani Alison-Madueke Loses $40 million Worth of jewelries To FGN.

A Lagos Division of the Federal High Court has ordered the interim forfeiture of jewelries valued at about $40 million to the Nigerian government.

The jewelries were recovered by the Economic and Financial Crimes Commission, EFCC, in homes traced to the former minister of petroleum, Diezani Allison-Madueke.

Nicholas Oweibo, the judge, made the order Friday after granting an ex parte motion application brought before him by the EFCC prosecutor, Rotimi Oyedepo.

In the application, the EFCC said the expensive items, comprising wristwatches, necklaces, bracelets, bangles, earrings and more, were reasonably suspected to have been acquired with proceeds of unlawful activities of the former minister.

Diezani K. Alison-Madueke was the first female President of OPEC. She was elected at the 166th OPEC Ordinary meeting in Vienna on 27 November 2014. She became Nigeria's minister of transportation on 26 July 2007. She was moved to Mines and Steel Development in 2008, and in April 2010 was appointed Minister of Petroleum Resources.

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