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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.

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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

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Tony Orilade
Tony Orilade
http://www.PRNigeria.com

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Troops Eliminate 2 ISWAP Senior Commanders, Other Terrorists in BornoDangote Refinery Deploys 4,000 CNG Trucks, Promises 24,000 Jobs as Fuel Queues EndPower Outage: Police Broker Peace Between AKTH, DisCos in KanoIGP Appoints SP Adebisi as Lagos Police PROBauchi Forum Condemns ATBU's Plan to Close FacultiesCourt Rejects Nnamdi Kanu’s Request for Transfer to National HospitalResident Doctors Commences Indefinite Strike in FCTTroops Foil Multiple Terrorist Attacks, Rescue Kidnap Victims in Zamfara, Kebbi, KatsinaTroops Repel Bandit Ambush in Katsina as Four Farmers Abducted in ZamfaraTroops Recover Arms in Plateau, Intercept Drug-Laden Vehicle in TarabaBook Review: Is This the Cure? A Look into Healing Nigeria By Hanniel NobohBook Review: Reshaping Diplomacy Through Digital Innovation – A Gen-Z Outlook By Bilkisu Ahmed ShekarauBook Review: Renewed Hope in Central Banking – A Blueprint for Nigeria’s Economic Future By Khadijah Lawan MuhammadRenewed Hope in Hajj Operations: NAHCON Records Milestone Achievements Under Tinubu AdministrationSHAKE-UP: FRSC Redeploys Senior Officers to Bolster Operations Nationwide
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