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Former Nigerian oil minister, Deziani Madueke has temporarily forfeited  $153.3 million to the Nigerian government today.

Her decision to forfeit the said money was followed by an order of a Federal High Court in Lagos.

EFCC said the seized money was part of the funds Deziani stole from NNPC.

The money was tucked away in Nigerian Banks.

N23.4 billion was kept in Sterling Bank Plc; N9.08 billion was kept in First Bank Plc; and $5m was kept in Access Bank Plc.

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Justice Muslim Hassan ruled on the case today.

He requested that the Banks and all interested parties should appear before him in 14 days to prove the legitimacy of the monies.

He said, if the parties failed to appear, the entire money will be permanently forfeited to the Federal Government.

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The judge made the order in favor of EFCC which applied for an ex parte motion seeking for temporary forfeiture.

EFCC claims Deziani instructed a former MD of Fidelity Bank Plc, Nnamdi Okonkwo, to hide the money for her.

Diezani then instructed Okonkwo to ensure that the money was “Neither credited into any known account nor captured in any transaction platforms” of Fidelity Bank.

Okonkwo accepted and implemented the deal leading to the movement of $153,310,000 from NNPC to Fidelity Bank.

EFCC also claimed two former Group Executive Directors of Finance and Account of NNPC facilitated the transfer.

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Once the money hit Fidelity bank, the MDs then split the funds into chunks and hit them away.

Here was what they did: Some of cash, $113,310,000, was sent to the Executive Director, Commercial and Institutional Bank, Sterling Bank Plc, Lanre Adesanya, to keep.

The remaining $40m was taken in cash to the Executive Director, Public Sector Accountant, First Bank, Dauda Lawal, to keep.

The money was subsequently converted into N23.4 billion and saved in Sterling Bank.