Categories: Crude Oil

Former Nigerian Oil Minister, Alison-Madueke Faces Bribery Charges in London Court

Diezani Alison-Madueke, Nigeria’s former Minister for Petroleum Resources, appeared in Westminster Magistrates Court on Monday, facing charges of receiving bribes in exchange for awarding lucrative oil contracts during her tenure from 2010 to 2015.

The prosecution alleges she accepted cash, luxury goods, private jet flights, and the use of high-end properties in Britain.

Alison-Madueke, a prominent figure in Nigerian politics, is the second high-profile Nigerian politician to be prosecuted in Britain recently, following James Ibori. Nigeria’s anti-corruption agency has also sought her extradition to face money-laundering charges in her home country.

During the hearing, Alison-Madueke, who had been living in St John’s Wood in London since her arrest in 2015, only provided her name, date of birth, and address. Her lawyer stated that she would plead not guilty to the charges.

The charges against her, all related to events alleged to have taken place in London, include the receipt of £100,000 in cash, payment of private school fees for her son, use of luxury properties, a Range Rover car, and shopping sprees at Harrods and Vincenzo Caffarella.

Prosecutor Andy Young emphasized that these advantages were given to secure oil contracts worth billions of dollars.

District Judge Michael Snow granted her bail with stringent conditions, including an 11 p.m. to 6 a.m. curfew, an electronic tag, and a £70,000 surety.

Alison-Madueke’s next court appearance is scheduled at Southwark Crown Court on October 30, where she will face serious criminal charges.

The Nigerian Economic and Financial Crimes Commission (EFCC) has obtained an arrest warrant and initiated extradition proceedings, indicating she will also face charges in Nigeria.

This case highlights the global reach of corruption investigations and the determination of authorities to bring high-ranking officials to justice, as Nigeria continues to grapple with systemic corruption in its political class.

Samed Olukoya

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

Share
Published by
Samed Olukoya

Recent Posts

Discordant Tunes Greet 50% Tariff Hike As Subscribers Threaten To Sue NCC

Nigerians have expressed displeasure over the decision of the Nigerian Communications Commission to increase tariffs…

6 hours ago

Beatrice Ekweremadu Returns to Nigeria After Serving Sentence in UK

Mrs. Beatrice Ekweremadu, wife of former Deputy Senate President Senator Ike Ekweremadu, has reportedly returned…

7 hours ago

Nigeria Expands Refining Capacity with MRO Energy’s Delta State Refinery

The Federal Government has taken another step toward boosting Nigeria’s refining capacity with the approval…

7 hours ago

Eko DisCo Set for Transformation as Transgrid Enerco Signs Historic 60% Acquisition Agreement

Transgrid Enerco Limited has signed a Share Purchase Agreement (SPA) to acquire a 60% equity…

8 hours ago

Metering Gap Exceeds 7 Million Despite Multilateral Loans and Government Funds

Despite interventions by the Federal Government and multilateral lenders amounting to over N1.5 trillion, Nigeria’s…

8 hours ago

Petrol Prices Surge to N990 in Abuja, N960 in Lagos as Oil Tops $80 Per Barrel

The Nigerian National Petroleum Company Limited (NNPC) has increased the pump price of petrol at…

9 hours ago