Kanyi Daily NewsKanyi Daily NewsKanyi Daily News
  • Home
  • News
    • Politics
    • Crime
    • Sports
    • Nigerian News
    • Photospeaks
      • Instagrammers
      • Twitteratti
    • Videos
  • Entertainment
    • Celebrities
    • Interviews
    • Events
    • Magazine Covers
    • Reality TV
    • Spotlight
  • Kanyi TV
  • Lifestyle
    • Fashion
      • Fashion For Women
      • Fashion For Men
      • Who Wore It Better
      • Fashion We Like
      • Love Or Hate It
      • Style By
      • Style Star
    • Travel
    • Tech & Gadgets
    • Beauty
      • Makeup
      • Beauty Tips
      • Nails
    • Tips Tuesday / Life Hacks
  • Business
  • Career
    • Girl Boss
    • Man Inspiration
    • Wonder Woman Wednesday
    • Man On A Mission Monday
    • Career Tips
    • Business
    • Money & Finance Tips
    • Jobs
  • MORE
    • Health
    • Education
    • Humanity
    • Relationship
    • Couples In Love
    • Dating
Reading: Federal Govt Set To Auction Diezani’s N14.4 Billion Jewelery, Other Forfeited Properties
Font ResizerAa
Font ResizerAa
Kanyi Daily NewsKanyi Daily News
  • Home
  • News
  • Celebs
  • Business
  • Crime
Search
  • Home
  • News
    • Politics
    • Crime
    • Sports
    • Nigerian News
    • Photospeaks
    • Videos
  • Entertainment
    • Celebrities
    • Interviews
    • Events
    • Magazine Covers
    • Reality TV
    • Spotlight
  • Kanyi TV
  • Lifestyle
    • Fashion
    • Travel
    • Tech & Gadgets
    • Beauty
    • Tips Tuesday / Life Hacks
  • Business
  • Career
    • Girl Boss
    • Man Inspiration
    • Wonder Woman Wednesday
    • Man On A Mission Monday
    • Career Tips
    • Business
    • Money & Finance Tips
    • Jobs
  • MORE
    • Health
    • Education
    • Humanity
    • Relationship
    • Couples In Love
    • Dating
Follow US
© 2025 Kanyi Media.
News

Federal Govt Set To Auction Diezani’s N14.4 Billion Jewelery, Other Forfeited Properties

Tobias Sylvester
By Tobias Sylvester
Published: November 1, 2019
SHARE

Federal Govt Set To Auction Diezani’s N14.4 Billion Jewelery, Other Forfeited Properties 1

The acting chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu has said that the Federal Government would soon auction some of the properties recovered from the former Petroleum Resources Minister, Mrs Diezani Alison-Madueke.

KanyiDaily recalls that the Federal High Court in Lagos had ordered that the 2,149 pieces of jewellery and a customised gold iPhone, valued at $40m and recovered from the Abuja home of Mrs Diezani, be permanently forfeited to the Federal Government. In

While speaking at a press/ stakeholders’ briefings on the crusade against cybercrime and fraudsters on Thursday, October 31, 2019, Magu disclosed that some of the properties Mrs Diezani forfeited to the FG will be auctioned to the general public.

He said that the era of auctioning forfeited properties has gone, before any forfeited properties would be auction now, due process would be strictly followed.

The EFCC Boss also added that both local and international auctioneer experts would be invited to value each forfeited properties before it would be auctioned publicly, stating that ‘internationally certified’ auctioneers overseas had already been contacted.

The Nation reports that Ibrahim Magu also said 242 trailers and tankers recovered from internet scammers will also be auctioned off.

He said that the process would kick off in Port Harcourt, River State with the auctioning of 242 trailers and tankers recovered from internet scammers.

Magu stated that the auctioning of forfeited properties in Port Harcourt had reached an advanced stage with the involvement of all the necessary stakeholders and experts who were supposed to have input or contribution to the process to make it transparent.

He expressed his displeasure at the process at which courts auction forfeited properties at giveaway prices.

Read Also:👇🏾

  1. Court Orders Another Forfeiture Of Diezani Alison-Madueke’s Property To Federal Government
  2. Saraki Reveals How EFCC Boss ‘Ibrahim Magu’ Came To Beg Him For Senate Confirmation
  3. FG Finally Drags Former AGF, Mohammed Adoke, Six Others To Court Over Malabu Oil Deal
  4. Fraud Case: Court Orders General John Ozigi To Forfeit N426 Million To Nigerian Government

TAGGED:courtDiezani Alison-MaduekeEFCCEFCC chairman ibrahim magufederal governmentIbrahim MaguNews
ByTobias Sylvester
Follow:
Tobias Sylvester is the news editor for Kanyi Daily News and is based in Lagos.Contact Tobias at [email protected] a confidential tip? Submit it here
Previous Article Nollywood Actor, Williams Uchemba Gifts Crippled Mother Of Seven A New Apartment [Video] 2 Nollywood Actor, Williams Uchemba Gifts Crippled Mother Of Seven A New Apartment [Video]
Next Article Border Closure: Ghana Traders Shuts Down Shops Owned By Nigerians In Major Markets 3 Border Closure: Ghana Traders Shuts Down Shops Owned By Nigerians In Major Markets
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow US

FacebookLike
XFollow
InstagramFollow
YoutubeSubscribe
TiktokFollow
WhatsAppFollow

Latest Post

Nigerian Sprinter, Favour Ofili Reportedly Switches Allegiance To Turkey
Nigerian Sprinter, Favour Ofili Reportedly Switches Allegiance To Turkey
Linc Edochie’s New Wife, Yinka Releases May Edochie’s Phone Number To Fans
Linc Edochie’s New Wife, Yinka Releases May Edochie’s Phone Number To Fans
Actor Jussie Smollett Announces Engagement To His Boyfriend, Jabari Redd
Actor Jussie Smollett Announces Engagement To His Boyfriend, Jabari Redd
Nigeria’s First Female Fighter Pilot, Kafayat Sanni Wins Awards In Ghana [Photos]
Nigeria’s First Female Fighter Pilot, Kafayat Sanni Wins Awards In Ghana [Photos]
NNPCL Spokesperson Olufemi Soneye Resigns
NNPCL Spokesperson Olufemi Soneye Resigns
Gunmen Kill Former PDP Chairman Aondoakaa Yaiyol In Benue
Gunmen Kill Former PDP Chairman Aondoakaa Yaiyol In Benue
Seven Nigerians, One Nepali Arrested In India Drug Raid
Seven Nigerians, One Nepali Arrested In India Drug Raid
Police Arrest Notorious Hired Killer, Olori Eso For Terrorizing Lagos Communities
Police Arrest Notorious Hired Killer, Olori Eso For Terrorizing Lagos Communities
24 Killed As Female Suicide Bomber Detonates IED At Food Joint In Borno
24 Killed As Female Suicide Bomber Detonates IED At Food Joint In Borno
Kebbi Government Confirms Bandits Killed 30 People In Zuru Communities
Kebbi Government Confirms Bandits Killed 30 People In Zuru Communities
- Advertisement -
Ad imageAd image

Follow Our News Page On Facebook

Follow our entertainment Page on Facebook

Bingham University In Nasarawa Expels Student Flogging Colleague In Viral Video
Metro

Bingham University In Nasarawa Expels Student Flogging Colleague In Viral Video

South-South Region Demands Senate President Position From Buhari, Gives Reasons 5
News

South-South Region Demands Senate President Position From Buhari, Gives Reasons

Buhari Jets To London For King Charles Coronation 7
News

Buhari Jets To London For King Charles Coronation

Nollywood Actor That Was Reportedly Badly Burnt In Fire Stunt Gone Wrong Releases Statement 9
PHOTOSPEAKS

Nollywood Actor That Was Reportedly Badly Burnt In Fire Stunt Gone Wrong Releases Statement

How UNILAG Lecturer, Oladipo Lured Me Into 'Cold Room' And Torched My Breast - Kiki Mordi [Video] 11
News

How UNILAG Lecturer, Oladipo Lured Me Into ‘Cold Room’ And Torched My Breast – Kiki Mordi [Video]

At least 7 killed in Mogadishu beach restaurant attack 13
PHOTOSPEAKS

At least 7 killed in Mogadishu beach restaurant attack

PHOTOSPEAKS

Ritualists pluck 9-yr-old boy’s eyes in Bauchi

Senegal: Tinubu Praises Macky Sall Over Decision Not To Seek Third Term 15
NewsWorld News

Senegal: Tinubu Praises Macky Sall Over Decision Not To Seek Third Term

Pastor Biodun Fatoyinbo Also Accused Of Raping A Pregnant Married Woman [Video] 17
News

Pastor Biodun Fatoyinbo Also Accused Of Raping A Pregnant Married Woman [Video]

Lamido Sanusi II Reinstated As Kano Emir
PHOTOSPEAKSNews

Drama in Kano House of Assembly as lawmakers fight over Emir Sanusi removal – BREAKING NEWS

Dutch-Nigerian Man, Yohanna Maigona Declares Interest In Plateau Governorship Race
Politics

Dutch-Nigerian Man, Yohanna Maigona Declares Interest In Plateau Governorship Race

Buhari Promised To Lift 100m Nigerians But Threw 133m Into Poverty – Shehu Sani
News

Shehu Sani Again Mocks Buhari

Kanyi Daily News: Your instant connection to breaking stories and live updates. Stay informed with our real-time coverage across politics, tech, entertainment, and more.

Got a hot news tip or found something interesting you’d like us to feature? Hit us up with the details.

  • About KanyiDaily.com
  • Advertise
  • Claims of Infringement
  • Conditions Of Use
  • Contact Us
  • Media Inquiries
  • SUBMIT YOUR STORIES!
  • Tech Issues
  • Write For Kanyi Daily
  • Advertising Policy
  • Comment Policy
  • Editorial Policy
  • Privacy Policy
  • FAQ – Frequently Asked Question
Follow US
Kanyi Media 2025.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?