This is the $37.5m Banana Island, Lagos property belonging to former petroleum resources minister, Mrs. Diezani Alison-Madueke, which a Federal High Court in Lagos ordered should be temporarily forfeited to the Federal Government.
The property has 24 apartments, 18 flats and six penthouses. It is located as Building 3, Block B, Bella Vista Plot 1, Zone N, Federal Government Layout, Banana Island Foreshore Estate.
Apart from the property, the court also ordered the temporary forfeiture of the sums of $2,740,197.96 and N84,537,840.70, said to be part of the rent collected on the property.
