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Court Orders Forfeiture of N1.04bn Traced to Patience Jonathan – EFCC

BellaNaija.com

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Patience Jonathan

The Economic and Financial Crimes Commission (EFCC) has secured an interim forfeiture of sum of N1,000,494,000 lodged in three deposits on 20th and 25th May, 2015, the commission said in a statement.

The statement added that 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 statement continued:

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.

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.

4 Comments

  1. Truth

    February 2, 2019 at 1:56 am

    Before you vote for PDP on Feb 16, please imagine what would happen to this N1b if Atiku wins? Do you think Atiku will prosecute this woman or recover this loot if PDP were in power? Never in the history of Nigeria have we recovered or heard about this much loot. Vote for PDP at your own peril. Some people say corruption fight is one sided, yes, because PDP had been in power for 16 years until 2016. It only makes sense that they would be the looters.

    Buhari may not be the most competent, he may not be the most agile but he is someone I can trust with my life savings. Buhari has been in government and public service for almost 40 years, yet, not even PDP can taint him with a corruption allegation. Even rogues, drug lords, thieves and evil people, look for people with integrity to manage their money. for the future of my kids and the safety of our collective patrimony, I will vote PMB.

    • Emmanuel

      February 2, 2019 at 12:55 pm

      Yes ooo, i concur.

    • miss_nk

      February 2, 2019 at 1:51 pm

      and your life savings will disappear like the money from PTF fund, the IDPs intervention fund, NHIS fund etc. Who is APC and PDP? They are all thieves who shuffle between both parties to avoid prosecution and prey on the ignorance of people like you to defend them

    • Alicia

      February 2, 2019 at 10:53 pm

      ‘Kwarruption’ is not the only problem a leader should deal with. At least you have money ‘life savings’, what about the families without ‘life saving?’ Because health and education is also important in governance. What about other systems of the economy? What will happen with those in another 4 years? We keep making the same mistakes every election year. There are other candidates; our elections are not about PDP and APC, we give them so much power and then cry foul.

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