• Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
  • Security
  • Features
  • State
  • Event
  • E-Book
Search
  • Home
  • About
  • Adverts
  • Contact
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
PRNIGERIA PRNigeria News
PRNIGERIA PRNIGERIA
  • Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
  • Security
  • Features
  • State
  • Event
  • E-Book
Home Anti-Corruption Patience Jonathan Forfeits N1bn by Court Order
  • Anti-Corruption

Patience Jonathan Forfeits N1bn by Court Order

By
Tony Orilade
-
February 1, 2019
Dame Patience Jonathan
Dame Patience Jonathan

Patience Jonathan Forfeits N1bn by Court Order

The Economic and Financial Crimes Commission, EFCC, has secured an interim forfeiture of the sum of N1,000,494,000 (One Billion, Four Hundred and Ninety Four Thousand Naira) only lodged in three deposits with Fidelity Bank Plc on 20th and 25th May, 2015.

The forfeiture order by 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, which was found in the Bank account of Magel Resort Limited, a company linked to the former First Lady of Nigeria, Patience Jonathan.

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

Read Also:

  • The Forgotten Victims: Reclaiming the True Story of Boko Haram’s War on Muslims By Dr. Zanna Hassan
  • NAF Releases List of Shortlisted Candidates for DSSC 34/2025 Aptitude Test
  • NSCDC, Police Strengthen Collaboration to Enhance Security in FCT

Upon receipt of the intelligence, the EFCC swung into action by conducting 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 (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.

Ruling on the motion, 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”.

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

Tony Orilade
Ag. Head, Media & Publicity

VISIT OUR OTHER WEBSITES
PRNigeria.com EconomicConfidential.com PRNigeria.com/Hausa/
EmergencyDigest.com PoliticsDigest.ng TechDigest.ng
HealthDigest.ng SpokesPersonsdigest.com TeensDigest.ng
ArewaAgenda.com Hausa.ArewaAgenda.com YAShuaib.com
  • TAGS
  • Court order
  • efcc
  • Patience Jonathan
Previous articleTroops Eliminate Notorious Rugu-Rugu and other Terrorists in Gwoza
Next article2019 Elections: NAF Prepares Contingency Plan
Tony Orilade
Tony Orilade
http://www.PRNigeria.com

RELATED ARTICLESMORE FROM AUTHOR

President Tinubu with Acting Army Chief Lt Gen Olufemi Oluyede

ANALYSIS: 32 Years After, Coup Whispers Return to Nigerian Barracks

ASUU-STRIKE

JUST IN: ASUU Suspends 2-Week Warning Strike, Cites Progress in Negotiations

Troops of Nigerian Army after successfully foiling an ambush by Boko Haram/ISWAP Terrorists

Troops Kill Notorious Bandit Abu A.K, Several Others in Zamfara Operation

Still on the Misleading Global Story About Nigeria’s Insecurity, By Mukhtar Ya’u Madobi

From left: Founder/CEO, TruCSR Consulting, Dr. Ken Egbas; Head, Corporate Affairs, Brand and Marketing Communications, Wema Bank, Mabel Adeteye; Convener, Nigeria Digital PR Summit, Segun McMedal; Director, External Affairs and Social Performance, Seplat Energy, Chioma Afe; and Associate Director, Sustainability, IHS Towers Nigeria, Asmau Smaila, during the 10th Nigeria Digital PR Summit held at the Conference Centre, Naval Dockyard, Victoria Island, Lagos, on Thursday, October 15, 2025.

Celebrities, Brands Shine as Nigeria Digital PR Summit Clocks 10 Years of Ethical Storytelling

Critical Appraisal of Mike Arnold’s Findings on Alleged Christian Genocide in Nigeria, By Prof. Adam Abba-Aji

Map of Africa

The Kano Model: How Faith Leaders Can Fight Disinformation in Nigeria and West Africa

President Bola Ahmed Tinubu

Alleged Coup Plot: Politicians and Military Officers from Southern and Northern Nigeria Under Investigation

Troops Crush Boko Haram Attack in Bama, Lose Commanding Officer in Fierce Clash

Reno Omakri and Foreigners

Reno’s Factfinders: Genocide Spin, Coup Whispers and Foreign PR Mercenaries

CG Customs Bashir Adewale Adeniyi

A New Understanding Between Customs and Manufacturers

Gen. Christopher Gwabin Musa CDS

Coup Rumour Baseless, Malicious, Says DHQ

LEAVE A REPLY Cancel reply

Log in to leave a comment

Recent Posts

  • The Forgotten Victims: Reclaiming the True Story of Boko Haram’s War on Muslims By Dr. Zanna Hassan
  • NAF Releases List of Shortlisted Candidates for DSSC 34/2025 Aptitude Test
  • NSCDC, Police Strengthen Collaboration to Enhance Security in FCT
  • Navy Appoints Commodore Odejobi as New Spokesman
  • FCT Police Raid Criminals Hideouts, Arrest 44 Suspects 
  • Home
  • About
  • Adverts
  • Contact
© 2020 PRNigeria. All Rights Reserved.
Latest News
The Forgotten Victims: Reclaiming the True Story of Boko Haram’s War on Muslims By Dr. Zanna HassanNAF Releases List of Shortlisted Candidates for DSSC 34/2025 Aptitude TestNSCDC, Police Strengthen Collaboration to Enhance Security in FCTNavy Appoints Commodore Odejobi as New SpokesmanFCT Police Raid Criminals Hideouts, Arrest 44 Suspects Two Soldiers Killed as Troops Repel Terrorists’ Reprisal Attack After Eliminating Notorious Bandit LeaderNnamdi Kanu Opens Defence, Lists Wike, Buratai, Danjuma, Umahi, Others as WitnessesANALYSIS: 32 Years After, Coup Whispers Return to Nigerian BarracksASUU Suspends Two-Week Warning Strike JUST IN: ASUU Suspends 2-Week Warning Strike, Cites Progress in NegotiationsTroops Kill Notorious Bandit Abu A.K, Several Others in Zamfara OperationCDS Lauds Northern Monarchs’ Role in Intelligence, Conflict ResolutionStill on the Misleading Global Story About Nigeria's Insecurity, By Mukhtar Ya’u MadobiCelebrities, Brands Shine as Nigeria Digital PR Summit Clocks 10 Years of Ethical StorytellingCourt Dismisses Suspended NCAA Boss Suit Against ICPC
X whatsapp