Former Nigerian oil minister, Diezani Alison-Madueke temporarily forfeited $153.3 million to the Nigerian government today. This was sequel to an order by a Federal High Court in Lagos.
The seized money, according to the Economic and Financial Crimes Commission was stolen from the Nigerian National Petroleum Corporation and stashed in three banks in Nigeria, in US dollars and Naira.
Out of the loot, N23.4 billion was kept in Sterling Bank Plc. The sum of N9.08 billion was kept in First Bank Plc and $5m in Access Bank Plc.
Justice Muslim Hassan, who gave the order, gave Sterling Bank and any other interested party 14 days to appear before him to prove the legitimacy of the monies, failing which the funds would be permanently forfeited to the Federal Government of Nigeria.http://www.vanguardngr.com/2017/01/breaking-diezani-forfeits-153m-fg/

Nigeria is indeed a wilderness. Even if these monies are returned to the Federal Government, there would still be recession. Afterall, what happened to all the so-called recovered loot? Am just asking........

barrydee:
Nigeria is indeed a wilderness. Even if these monies are returned to the Federal Government, there would still be recession. Afterall, what happened to all the so-called recovered loot? Am just asking........

as na recovered loot make fg begin dey disburse the money among Nigerian youths abi. it'll be used in funding this year's budget