• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Thursday, August 28, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Ex-Petroleum Minister Diezani Denies Ownership Of Repatriated $52.8m Loot

by Olakunle Olasanmi
7 months ago
in News
Diezani
Share on WhatsAppShare on FacebookShare on XTelegram

The former Minister of Petroleum Resources, Mrs Diezani Alison-Madueke, has denied the ownership of $52.5m recently repatriated to Nigeria from the United States of America (USA).

Advertisement

The former Minister, who has been in the United Kingdom (UK) since she left the shores of Nigeria, claimed that the money linked to her by recent media reports, belonged to a Nigeria’s oil magnate, Kola Aluko.

The former minister, through her counsel, Prof. Mike Ozekhome, SAN, insisted that there was nothing like ‘Diezani Loot’ since she had no hand whatsoever in the issues surrounding the forfeiture of the money by the initial owner.

Stating her position, the former minister said the $52.5m came from a vessel seized by the American government from Kola Aluko and which was later sold and proceeds returned to the federal government of Nigeria.

Her denial of ownership of the money was contained in a lengthy press statement issued on Sunday by the Chambers of Mike Ozekhome, SAN, titled “There Is No Such Thing As Diezani Loot”.

RELATED

Tinubu Gov’t Will Harness River Basins’ Potential To Boost Food Security — Minister

Minister Reaffirms Commitment To Waterway Safety

14 minutes ago
Troops Kill 11 Terrorists, Recover Weapons In Sambisa Forest

Group Lauds Tinubu, Armed Forces Over Ansaru Breakthrough

14 minutes ago
ADVERTISEMENT

Part of the statement read: “My chambers makes this intervention in the public domain as Solicitors to Diezani Alison-Madueke (DAM) ,the former Minister of Petroleum Resources (HMPR).

“As her Solicitors, we are fully versed in and conversant with her present ordeal and the entire facts surrounding her matters both here in Nigeria and abroad. So, we write from the vantage position of one that is aware of the cocktail of lies that have been spurned around her cases in the last ten years.

“Many of the narratives are outrightly false; some others sheer outlandish speculations; and most, simply bizzare stories cooked up by her traducers to extract a Shylock’s pound of flesh from her for reasons she does not know and cannot even fathom.

ADVERTISEMENT

“This intervention therefore seeks to correct this skewed narrative and set the records straight for purposes of history. Many Nigerians often talk about wanting ‘technocrats’ to be involved in governance. They desire that people with character and integrity should join politics.

“We agree with them. However and regrettably too, now and again and many a time, the same people not only allow, but actually join the bandwagon to mob-lynch those who chose to serve the nation.

“And we often do this insidiously, covertly and overtly, even when there is no concrete or even any iota of proof that such public officers ever abused their offices or stole from public coffers.

“It is therefore surprising and of great concern to us, to see the level of sustained vilification of an innocent Nigerian citizen who has not yet been tried and found guilty of any offence known to law by any court of law whether in Nigeria or abroad. The person at the receiving end is Citizen Diezani Alison-Madueke (DAM).

“We note with concern the recent deliberate attempt to link her with what has been described as a civil forfeiture of a yacht Galactica, the sale of which was said to have yielded $52.8m to the US government; which sum has since been repatriated to Nigeria.

‘This is a clear example of the mischievous and cruel sport of tarnishing the image of the lady through a bouquet of consistent, persistent and unrelenting cocktail of falsehoods and misinformation.

“The purveyors of this line of misinformation term it “name-and-shame”. To sell the storyline, the architects ensured they attached Diezani’s name to a recovered yacht which is not in any way linked to her.

“They now falsely termed it “Diezani loot”. Nothing of the sort ever happened. She was never involved in the purchase, use and sale of the said yacht.

“The yacht Galactica, from information readily available in the public domain and in open sources, was purchased by Mr Kola Aluko who had used the vessel until he agreed to its forfeiture to the United States of America.

“The yacht Galactica was neither owned nor ever used by our client. DAM has in fact never set her eyes on the yacht. Kola Aluko is an experienced businessman who had been in business well before DAM came into office as HMPR.

“The only tenuous basis for deliberately linking DAM to the said yacht is the false narrative that the Strategic Alliance Agreements (SAAs) which were entered into between Kola Aluko & Jide Omokore’s Atlantic Energy companies and NNPC, were allegedly corruptly awarded to the said companies by DAM. DAM was not the GMD of the NNPC as so did not and could not have awarded the said contracts.

“We plead, as her lawyers, with all and sundry that she be accorded fair hearing and that the process of these UK court proceedings be allowed to take their natural course to avoid prejudice to her in the ongoing subjudice UK proceedings against her.

“Those purveyors and peddlers who habitually spin these outrightly false, unfounded, defamatory, unintelligent and indefensible narratives to denigrate and humiliate her should please find better use of their time and leave DAM alone.

“Let the law take its natural course without interference. We humbly pray.”


Join Our WhatsApp Channel

Nigerians can now earn US Dollars monthly by acquiring domains cheaply and reselling for profits up to $18,000 (nearly ₦30Million). Beneficiaries include professionals, entrepreneurs, civil servants and more. Click here to start.


Tags: Diezani Alison-Madueke
SendShare10173Tweet6358Share
ADVERTISEMENT
Previous Post

Tinubu Mourns Niger Tanker Explosion Victims, Orders Enhanced Safety Measures

Next Post

Suspected Assassins Kill CCC Pastor During Service In Ogun

Olakunle Olasanmi

Olakunle Olasanmi

You May Like

Tinubu Gov’t Will Harness River Basins’ Potential To Boost Food Security — Minister
News

Minister Reaffirms Commitment To Waterway Safety

2025/08/28
Troops Kill 11 Terrorists, Recover Weapons In Sambisa Forest
News

Group Lauds Tinubu, Armed Forces Over Ansaru Breakthrough

2025/08/28
Kogi Stakeholders Task Federal Gov’t On Ending Benue Killings
News

We’ll Drive Nigeria’s Devt With Tech, Food Security – Tinubu

2025/08/28
Entries Open For Diamond Awards For Media Excellence
News

Entries Open For Diamond Awards For Media Excellence

2025/08/28
DG Urges Action On Climate Change Commitments
News

DG Urges Action On Climate Change Commitments

2025/08/28
BREAKING: Federal Gov’t Reverses 18-yr Entry Age For Varsity Education
News

Rector Advocates Integration Of Islamic, Secular Education

2025/08/28
Leadership Conference advertisement

LATEST

Minister Reaffirms Commitment To Waterway Safety

Group Lauds Tinubu, Armed Forces Over Ansaru Breakthrough

We’ll Drive Nigeria’s Devt With Tech, Food Security – Tinubu

Entries Open For Diamond Awards For Media Excellence

‘Public-Private Support Networks Will Boost Women’s Participation In Politics’

DG Urges Action On Climate Change Commitments

Rector Advocates Integration Of Islamic, Secular Education

UN, NDDC Collaborate On Sustainable Development Goals

We’re Committed To Tackling Climate Change Challenges – AbdulRazaq

Groups Demand Release Of ‘Abducted’ Palestinian Leaders

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.