Nigeria expects to retain international auction houses to have US$40 million worth of jewelry, which was seized from a former oil minister accused of corruption, sold. The Economic and Financial Crime Commission (EFCC) of Nigeria has secured an asset forfeiture order from a top federal court in the country to sell the jewelry seized from Nigeria’s oil minister in the period 2011-2015, Diezani Alison-Madueke, The East African reports . Earlier this year, a Nigerian court ordered the seizure of $40 million of luxury items , mainly jewelry and a customized gold iPhone belonging to Alison-Madueke. In addition to the customized iPhone, the items seized included—but was not limited to—419 bangles, 315 rings, and 189 wristwatches, according to Sahara Reporters . Auction houses will also be asked to sell luxury homes in Nigeria, the U.S. and the UK, according to The East African. Alison-Madueke served as petroleum minister under then […]