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The Federal High Court in Lagos on Wednesday ordered the permanent forfeiture of 56 houses linked to Diezani Alison-Madueke, former minister of petroleum resources.

The order followed an ex parte application filed by the Economic and Financial Crimes Commission (EFCC) seeking forfeiture of the assets.

The houses, located in Lagos and Port Harcourt, were said to have been acquired by the ex-minister between 2011 and 2013 using front companies.

The Economic and Financial Crimes Commission claimed that Diezani paid $21,982,224 for the properties, adding that it believed that the funds were proceeds of crime.

The anti-graft agency listed the properties to include 29 terraced houses comprising eight four-bedroomed penthouse apartments, six three-bedroomed apartments, two three-bedroomed maisonettes, two twin bedroomed apartments and one four-bedroom apartment.

The permanent forfeiture order was made by Justice Abdulaziz Anka.

[url]Analysis: Indications That Most Geo Political Zones in Nigeria are Safe for Doing Business[/http://ringuardconsult.com/index.php/news-from-the-regions/item/440-indications-that-most-geo-political-zones-in-nigeria-are-safe-for-doing-business.html]

Undoubtedly, Nigeria has for more than seven years now suffered myriad of daunting socio-economic setbacks, ranging from insecurity heightened of course by the infamous Boko Haram sects's attacks in the North East, kidnapping and armed robbery across other geo-political zones in country.

Even though, there are pockets of reports bothering on insecurity here and there across the country, but one can confidently say there is relative peace conducive for business and investment in most geo political zones except the Northeast that is still experiencing reprisal attacks once in a while by the Boko Haram insurgents.

On the economic front, instability in the country’s foreign exchange market has also continued to impact negatively on the value of the Naira since the inception of the Muhammadu Buhari administration, largely due to the drop in the price of crude Oil. This are hard times for the nation, even though there are indices coming from the Ministry of Finance and the Central Bank of Nigeria indicates that Nigeria's economy is gradually stabilising.

The governor of the Central Bank of Nigeria CBN, Godwin Emefiele recently updated the president, Muhammadu Buhari on the efforts being made by the apex bank to stabilize the local currency.

The governor stated that the economy was looking good with the rising price of crude oil which he said was “oscillating between $50 to $55 and $56” per barrel, adding that the rise in crude oil prices at the international market was a boost to the stability of Naira.

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]Mr. Wolexojo, just as a patriot pointed out to you, be more objective and realistic with your comment. don't come around sounding all childish and uninformed exhibiting juvenile tendencies, you should rather support the herculean task by IPAIDABRIBENAIJA in tackling corruption in NAIJA. the site has every right based on its beliefs as every media house is entitled to.

Mr. Wolexojo, just as a patriot pointed out to you, be more objective and realistic with your comment. don't come around sounding all childish and uninformed exhibiting juvenile tendencies, you should rather support the herculean task by IPAIDABRIBENAIJA in tackling corruption in NAIJA. the site has every right based on its beliefs as every media house is entitled to.

[color=#000099][/color]BAD BELLE NA HIM DEY WORRY UNA FOR THIS COUNTRY, HAVE'NT YOU SEEM FASHOLA'S ADVERTS ON FACEBOOK, HAVE'NT YOU ALSO SEEM OBAMA'S ADVERT ON WEBSITES!!! IF YOU UNDERSTAND HOW CHALLENGING PUBLIC OFFICE IS YOUR YOU WILL NOT BE HAVING PROBLEMS WITH DIEZANI'S ADS ON WEBSITES.FOR CRYING OUT LOUD SHE NEEDS TO PROTECT HERSELF FROM PEOPLE LIKE YOU!!

mohstone: A good and sincere leader who has the people at heart will not allow such a cheap publicity in his/her name. To me the advert brought her down so low that I even felt ashame when I read the contents: "Best Minister of Petroleum ever". If she is matured and knows her left from her right then she should stop this advert outrightly. This scenario is analogous to some illiterate politicians whom during campaigns will tell the electorates that if voted they will provide them with pump of MILK.

Why are u ashamed? if i may ask were you not in this country during the Abacha, Abdulsalami, Obasanjo days? how much probe and attention was given to the Ministry of Petroleum at the time? the heads of NNPC like Obaseki AND kupolukun amongs silently worked and left the scene. Oh because Deizani has now being able to open our eyes to the many 'plays' taking place in that sector we are now able to educated enough to probe the sector. for me am proud rather than ashamed!!

i remember something in November last year Saharareporters in their typical style of tarnishing image of public office holders unjustly reported in a story that reads "Oil Minister Allison Madueke Buys 20 Million Euro Mansion In Vienna, Austria-EFCC Take Note" from investigation this allegation was based on falsehood and bad intentions. it was revealed that no such thing exists as DAM owning a House in Vienna. Sahara reporters should

JideTheBlogger: Anyone wo understands how Google Adwords works will understand why the ad keeps showing on many sites and blogs.

so explain how do google ads work?? we all need to just stop this campaign of calumny and focus on real issues that will translate to relevancy especially in the Nigerian Oil and Gas sector. Madueke has sincerely done nothing wrong to deserve this unfair attack on her person.Jideblogger please let me know how google ads works?

All of you people who are noticing and commenting trash about DAM should please shut up!! dont come here on nairaland and make frivolous comments simply because you think it will arouse the emotions of people, do you have anything against Diezani? please leave these woman alone.