News
Jubilation In Aso Rock, As Court Delivers Judgement Against Patience Jonathan, Today
Former First Lady, Patience Jonathan, has temporarily forfeited N1.0004 billion to the President Muhammadu Buhari-led Federal Government.
According to the News Agency of Nigeria, NAN, the interim forfeiture followed a court order secured by the Economic and Financial Crimes Commission, EFCC.
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 exparte 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.
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.
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, 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, CAC.
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 the 2nd respondent, Fidelity Bank Plc.”
The court further ordered that the forfeited sum be deposited in the Treasury Single Account, TSA, of the Federal Government.
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