Skip to content
REXTUN CITY UPDATES

REXTUN CITY UPDATES

24hrs News & Updates

  • Home
  • News
  • Politics
  • Crime Watch
    • Opinion
  • Sports
  • Celebrities
    • Employment, Labour & Productivity
  • Finance and Economy
  • World News
  • Justice and Judiciary
  • Voting and Elections
  • Football
  • Financial Crimes
  • Health & Wellness
  • Legislation and Legislature
  • Lifestyle and Relationship
  • National Security and Military
  • Terrorism and Terrorists
  • Activists and Activism
  • Entertainment and TV
  • Police and Interior Affairs
  • Obituaries
  • Obituaries
  • Obituaries
  • Religion
  • Conflict and warfare
  • Power and Energy
  • Trends
  • Travel & Tourism
  • Appointments and Jobs
  • Tradition
  • Youths and Youths Development
  • Cars and Automobiles
  • Weird News and Stories
  • Budget and Expenditures
  • Civil aviation and Travels
  • Technology
  • Innovation
  • Diplomacy and International Relations
  • Transport and Aviation
  • Advertorial
  • Cyberspace and Security I
  • Features
  • Literatures
  • Migrants and Immigration
  • Exchange and Forex
  • Food and Agriculture
  • Opposition
  • Civil Constructions and Housing
  • Weather and Climate
  • Public Service Information
  • Civil Society Organizations
  • Money and monetary policies
  • Petroleum
  • Telecoms & Information Technology
  • Corporate news
  • Prophecies
  • Trade and Commerce
  • National Assembly
  • Environmental disasters
  • News
  • Politics
  • Crime Watch
  • Sports
  • Governance
  • Finance and Economy
  • Celebrities
  • Football
  • World News
  • Justice and Judiciary
  • Auto sports
  • Celebrities
  • Conflict and warfare
  • Crime Watch
  • Finance and Economy
  • Cryptocurrencies
  • Exchange and Forex
  • Financial Crimes
  • Football
  • Health & Wellness
  • Justice and Judiciary
  • Legislation and Legislature
  • Lifestyle and Relationship
  • Literatures
  • Toggle search form
  • Ghana Repatriates 120 Nigerians Rescued From Cybercrime Dens, Eight Face Prosecution Deportation
  • Kwara Police Get 25 New Hilux Vehicles as AbdulRazaq Moves to Boost Security Police and Interior Affairs
  • PDP Condemns Kano Mob Attack On President Muhammadu Buhari News
  • FCSC Extends Federal Civil Service Recruitment Deadline to March 17 News
  • Insecurity: Security Agencies Have Failed, Hire Mercenaries – Rep Tells FG News
  • CBN Commits Fresh $500 Million Into Forex Market Exchange and Forex
  • Edo PDP Chairman Abducted In Benin, Whisked To Unknown Destination Crime Watch
  • United States Increases Tourist, Student Visa Fees Travel & Tourism

Diezani Denies Ownership Of Repatriated $52.8m Loot

Posted on January 19, 2025January 19, 2025 By Rextun boss No Comments on Diezani Denies Ownership Of Repatriated $52.8m Loot

Former Minister of Petroleum Resources, Diezani Alison Madueke has denied the ownership of a $52.5m recently repatriated to Nigeria from the United States of America, USA.

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 in the media as a loot actually belonged to a Nigeria’s oil magnate, Kola Aluko.

Breaking her silence in the matter through her counsel, Prof Mike Ozekhome SAN, Mrs Alison Madueke 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 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 and titled ” There is no such thing as Diezani Loot “.

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.

  • Nigeria’s First Ebola Patient Identified as Wife of Swiss Diplomat as Authorities Probe Source of Infection
    by Rextun boss
    October 23, 2026
    Nigeria’s latest Ebola case has been traced to a 42-year-old…

    Read More “Nigeria’s First Ebola Patient Identified as Wife of Swiss Diplomat as Authorities Probe Source of Infection” »

  • MURIC Seeks Police Probe into Alleged Killing of Man Inside Oyo Mosque
    by Rextun boss
    October 23, 2026
    The Muslim Rights Concern (MURIC) has petitioned the police over…

    Read More “MURIC Seeks Police Probe into Alleged Killing of Man Inside Oyo Mosque” »

“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.

“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 and 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”, the statement said.

Celebrities Tags:Denies Ownership of Repatriated $52.8m Loot, Diezani Allison Madueke

Post navigation

Previous Post: Court Jails Six for Internet Fraud in Ilorin
Next Post: Police Confirm 73 Dead, Several Injured From Dikko Tanker Explosion (see video)

Related Posts

  • SCANDALOUS! BBN7 Phyna Rocks club without Undies (see Video) Celebrities
  • Nathasha-Akpoti In Auto Crash, Alive And Stable Celebrities
  • I Did Not Hit Late Cross-gender Chorister –
    Port Harcourt Keke Rider
    Celebrities
  • Speed Darlington Challenges Portable To a Rematch, Plans To Use ‘Juju’ Celebrities
  • Tina Turner, Singer of Explosive Power Dies at 83 Celebrities
  • Ooni of Ife Marks 51st Birthday with Prayers, Calls for Peace and Unity in Nigeria Celebrities

Leave a Reply Cancel reply

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

  • Nigeria’s First Ebola Patient Identified as Wife of Swiss Diplomat as Authorities Probe Source of Infection
    by Rextun boss
    October 23, 2026
    Nigeria’s latest Ebola case has been traced to a 42-year-old...

    Read More “Nigeria’s First Ebola Patient Identified as Wife of Swiss Diplomat as Authorities Probe Source of Infection” »

  • MURIC Seeks Police Probe into Alleged Killing of Man Inside Oyo Mosque
    by Rextun boss
    October 23, 2026
    The Muslim Rights Concern (MURIC) has petitioned the police over...

    Read More “MURIC Seeks Police Probe into Alleged Killing of Man Inside Oyo Mosque” »

  • NEC Approves 90-Day Economic Plan as Nigerians Await Relief From Rising Living Costs
    by Rextun boss
    October 23, 2026
    The National Economic Council (NEC) has endorsed a 90-day economic...

    Read More “NEC Approves 90-Day Economic Plan as Nigerians Await Relief From Rising Living Costs” »

  • Dokubo-Asari Honours Sultan of Sokoto with Leadership Award, Seeks Royal Presence at December Coronation
    by Rextun boss
    October 23, 2026
    The Amanyanabo of the Source, Elem Kalabari, in Rivers State,...

    Read More “Dokubo-Asari Honours Sultan of Sokoto with Leadership Award, Seeks Royal Presence at December Coronation” »

  • Umahi Faults Obi’s Presidential Ambition, Says Southeast Has Other Qualified Contenders
    by Rextun boss
    October 23, 2026
    Minister of Works David Umahi has questioned Peter Obi’s approach...

    Read More “Umahi Faults Obi’s Presidential Ambition, Says Southeast Has Other Qualified Contenders” »

  1. abdulwasiu abdulkabir Olajide on 7 Federal Government Empowerment Programs and Opportunities for Nigerian Youths – How to ApplyAugust 13, 2026

    24,sabo line oke ile onikere compaund

  2. Kikma on Top 10 Hidden Gems in Ibadan You Need to Visit in 2025July 1, 2025

    Ibadan is truly a hidden gem with so much to offer. From the serene Agodi Gardens to the breathtaking views…

  • REVEALED: I Was Offered N5bn To Mastermind Fubara’s Impeachment – Edison Ehie Politics
  • Gunmen abduct many traders on Kaduna highway Crime Watch
  • Emergency rule: NASS Added Salt To Injury, Two-thirds majority Can’t Be Determined By Voice Vote – Obi News
  • Uzodinma Sponsored Attacks On Ajaero’s Village – NLC News
  • EFCC Busts Yahoo-Boys Hideout at Offa, Arrests 55 Financial Crimes
  • Ronaldo’s Threat To Leave Camp: Portugal Releases Press Statement News
  • AbdulRazaq Flags Off Fresh N200m Support For 4000 Kwara Artisans Employment, Labour & Productivity
  • Trump Vows to “Permanently Pause” Migration from All “Third World Countries” After D.C. Shooting Migrants and Immigration

NO 1, Treasure Close, Peace Street, Off Awolowo, Ilorin. kwara State, Nigeria. For Adverts, Engagements & Coverage, Contact the Editor on: +234(0)7068357963 or 08038876748. Email: rextun2009@gmail.com.

Copyright © 2026 REXTUN CITY UPDATES.

Powered by PressBook News WordPress theme