in , ,

BREAKING: Patience Jonathan to Forfeit Over N1 billion to FG

Spread the love

The EFCC secured a court victory on Friday against the former First Lady, Patience Jonathan who is to temporarily forfeit N1,0004 billion to the Federal Government.

According to the News Agency of Nigeria, the interim forfeiture followed a court order secured by the Economic and Financial Crimes Commission, EFCC.

READ ALSO: I Will Complete 2nd Niger Bridge Because of My Wife – ATIKU ABUBAKAR AT ONITSHA RALLY

The money was lodged in three deposits with Fidelity Bank Plc on 20th and 25th May 2015.

The forfeiture order by the Federal High Court sitting in Kano and presided over by Justice A. Lewis-Allagoa is consequent upon a motion ex parte filed by the Commission seeking for the interim forfeiture of the money.

The money was found in the account of Magel Resort Limited, a company linked to the former First Lady.

Read Also: Endorsement of Atiku Abubakar by Ohanaeze Ndigbo is ‘Idiotic’ – Anambra State Gov., Chief Willie Obiano

The Commission had information that a bank account domiciled in Fidelity Bank, had a huge sum of money that was not being used by anybody.

Upon receipt of the intelligence, the EFCC swung into action by conducting a preliminary investigation, which revealed that Patience and some relatives of former president, Goodluck Jonathan were directors of the Company.

Others named as directors are Oba Oba Tamunotonye, Goodluck Jonathan Aruera, Goodluck Jonathan Ariwabai and Esther Fynface.

Former CJN Onnoghen Reveals The Sources of Foreign Currencies In His Account – READ IT ALL HERE

In trying to trace the origin of the money, it was discovered that N500,000 was deposited on the 20th of May, 2015 by Fynface, who is alleged to be in charge of the Company, while N1 billion (One Billion Naira Only) was transferred in two tranches on the 25th May, 2015 from PAGMAT OIL AND GAS NIGERIA LIMITED, a company that was not incorporated with the Corporate Affairs Commission.

Justice A. Lewis-Allagoa held that: “An interim forfeiture order is granted to the Federal Government in the sum of N1,000,494,000 (One Billion, Four Hundred and Ninety Four Thousand Naira Only) in the Bank account of the 1st respondent Magel Resort Limited 4011019546 which is maintained with 2nd respondent Fidelity Bank Plc”.

READ ALSO: No Candidates For APC In Zamfara, Rivers As INEC Releases Full List of Candidates – SEE FULL LIST OF ALL CANDIDATES

The court further ordered that the forfeited sum be deposited in the Treasury Single Account of the Federal Government.

www. (c) February 1, 2019

Written by sojworldwide

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

I Will Complete 2nd Niger Bridge Because of My Wife – ATIKU ABUBAKAR AT ONITSHA RALLY

Mid-Term Break For Schools During 2019 General Elections – READ TO GET PREPARED