A federal high court sitting in Abuja has finally forfeited two expensive houses in Abuja and luxury cars belonging to Diezani Alison Madueke to the Federal Government.
Diezani Alison Madueke was a former minister of petroleum resources during President Goodluck Jonathan’s administration.
According to the Economic and Financial Crime Commission (EFCC), one of the properties located at Plot 1854 Mohammed Mashir Street was valued at $2.67 million while the other located at No.6, Aso Drive, Asokoro was valued at N380,000,000.
Investors King learnt that other properties forfeited include a black BMW saloon car and a black Jaguar saloon car both valued at N36,000,000.
It could be recalled that EFCC secured an interim forfeiture of the properties in November 2021. The anti-graft agency claimed that the properties were proceeds of corruption.
While delivering the judgement, Justice Bolaji Olajuwon also issued an arrest warrant against Diezani Alison Madueke who is believed to be residing in the UK.
EFCC had earlier submitted a court request for the extradition of the former minister by the way of an arrest warrant. The anti-graft agency through its legal counsel Abdullah noted that the arrest warrant will give an impetus to the extradition of the former minister.
Abdallah noted that the International Police (Interpol) has been briefed about the development.
The Judge who granted all the applications submitted by the EFCC later adjourned the case until when the defendant is arrested and appeared in court.
Diezani Alison Madueke alongside some of her allies were in the news for several cases of money laundering.
The EFCC claimed that it recovered jewellery worth millions of dollars at her residence in Asokoro, Abuja while other properties in the UK, US, United Arab Emirates and South Africa were linked to her.
Similarly, EFCC Chairman, Abdulrasheed Bawa stated in April 2021 that the agency has recovered $153 million and several properties valued at $80 million from the ex-minister.
China and EU Seek Partnership: Xi Jinping Proposes Key Trade Alliance
Chinese President Xi Jinping expressed his desire for China and the European Union (EU) to become key trade partners and foster trust in supply chains, during a meeting with EU leaders in Beijing.
The talks marked the first in-person summit between the two sides in four years and addressed a range of economic concerns, including data flows and market access.
Xi emphasized China’s commitment to high-quality development and opening up, positioning the EU as a crucial partner in economic and trade cooperation.
He envisioned the EU as a trusted collaborator in industrial and supply chain cooperation, aiming for mutual benefits and win-win results.
The summit delved into longstanding issues, such as efforts by Europe to “de-risk” its supply chains and the EU’s anti-subsidies investigation into Chinese-made electric vehicles.
China criticized the investigation, urging the EU to avoid using it for “trade protectionism.”
Xi called for the elimination of interference between China and the EU, a statement likely directed at the United States, which has taken actions, including enlisting the Netherlands, to curb China’s development of high-end semiconductors.
The EU leaders, Ursula von der Leyen and Charles Michel, described their conversation with Xi as “good and candid.”
They discussed the main challenges amid increasing geopolitical frictions, emphasizing a commitment to balanced trade relations and pledging to enhance people-to-people exchanges.
During the meeting, Italy formally informed China of its exit from the Belt and Road Initiative, highlighting ongoing strains between the EU and China.
Xi discussed Belt and Road with EU leaders, expressing a willingness to connect it with the EU’s Global Gateway infrastructure plan.
However, deep issues remain, including Russia’s war in Ukraine, trade imbalances, and Chinese overcapacity exported to Europe.
Jens Eskelund, president of the European Union Chamber of Commerce in China, stressed the need to address these issues to foster a positive relationship between Beijing and Brussels.
UAE Commits $30 Billion as COP28 Climate Talks Kick Off in Dubai
Nigeria Eyes BRICS Membership within Two Years as Foreign Minister Emphasizes Strategic Alignment
In a strategic move towards global economic collaboration, Nigeria is aspiring to join the BRICS group of nations within the next two years.
The Minister of Foreign Affairs, Yusuf Tuggar, affirmed that Nigeria is open to aligning itself with groups that demonstrate good intentions, well-meaning goals, and clearly defined objectives.
Tuggar stated, “Nigeria has come of age to decide for itself who her partners should be and where they should be; being multiple aligned is in our best interest.”
He emphasized the need for Nigeria to be part of influential groups like BRICS and the G-20, citing criteria such as population and economy size that position Nigeria as a natural candidate.
BRICS, comprising Brazil, Russia, India, China, and South Africa, stands as a formidable bloc of emerging market powers.
In a recent move to expand its influence, BRICS invited six additional nations, including Saudi Arabia, Iran, Egypt, Argentina, Ethiopia, and the United Arab Emirates, to join the group.
Nigeria, as Africa’s largest economy, has been absent from the BRICS alliance, prompting discussions on the potential economic and political advantages the bloc could offer the country.
Analysts have noted that BRICS membership could provide Nigeria with significant leverage on the global stage.
Vice President Kashim Shettima clarified that Nigeria did not apply for BRICS membership after the bloc’s announcement of new members in August.
Shettima emphasized the principled approach of President Bola Ahmed Tinubu, highlighting a commitment to consensus building in decisions related to international partnerships.
As Nigeria eyes BRICS membership, the move is seen as a strategic step towards enhancing its global economic and diplomatic influence.
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