BEVERLY HILLS, February 28, (THEWILL) – Wednesday’s ruling of a Federal High Court has caused a former Minister of Petroleum Resources; Mrs. Diezani Alison-Madueke to finally forfeit two luxury penthouses in Banana Island, Ikoyi, linked her by the Economic and Financial Crimes Commission, EFCC.
The court, presided by Justice Mojisola Olatoregun had on December 5, 2017, ordered an interim forfeiture of the properties after an ex-parte application was filed and argued by the Economic and Financial Crimes Commission (EFCC).
The EFCC application, marked FHC/L/CS/1793c/17, had Alison-Madueke, Donald Amagbo, Schillenburg LLC and Sequoyah Properties Limited as respondents.
The luxury units are “Penthouse 21, Building 5, Block C, 11 floor, Bella Vista, Banana Island, Ikoyi and Penthouse 22, Block B (Admiralty “Estate).
When the case was called up Wednesday, Mr. ABC Ozioko announced appearance for the EFCC, while Mr. Emmanuel Bassey appeared for the second, third, and fourth respondents.
The units were bought by Jide Omokore for $3.6 million and $1.2million respectively, using Sequoyah Properties Ltd., and Schillenburg LLC. Payments were made by one Angela Jide-Jones and Atlantic Energy Drilling Concept Ltd., respectively.
Angela Jide-Jones is the wife of Omokore, while Atlantic Energy Drilling Concept Ltd., was registered in the name of Omokore.
The court was told that Omokore paid for the properties through his wife and one of his companies and directed its developers to sign the agreements with Schillenburg LLC and Sequoyah Properties Limited, which were linked to Alison-Madueke.
Schillenburg LLC was registered in Hong Kong and transferred to Donald Chidi Amamgbo as sole owner.
Sequoyah Properties Limited was registered in Nigeria on October 11, 2011 with fictitious names as shareholders and directors.
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