Diezani Alison-Madueke finally kisses goodbye to two luxery penthouses in Banana Island, Ikoyi Lagos

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Nigeria’s embattled former Petroleum Minister, Mr Diezani Alison-Madueke, has finally lost possession of two luxery penthouses in Banana Island that were linked to her by the Economic and Financial Crimes Commission (EFCC). This follows a court ruling on the matter on Wednesday, February 28, 2018. 

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, according to our source present at the court.

Other online reports said the units were bought by Jide Omokore for $3.6 million and $1.2million, using Sequoyah Properties Ltd., and Schillenburg LLC. Payments were made by one Angela Jide-Jones and Atlantic Energy Drilling Concept Ltd.

Angela Jide-Jones is said to be 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.