Political News
Patience Jonathan Loses N1Billion To FG After Court Order
The EFCC has secured an interim forfeiture of the sum of N1,000,494,000 (One billion, four hundred and ninety-four thousand naira) 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 intelligence report that the bank account domiciled in Fidelity Bank, had a huge sum of money that was not being used by anybody.
Upon receipt of the report, the EFCC swung into action and conducted 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 said not to be 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.
Danti
February 2, 2019 at 8:27 AM
Chei! mama Ghadaffi go vex. Well, Jonathan is loaded he can pay her back to avoid a very nasty domestic uprise.
DB
February 2, 2019 at 11:13 AM
A man’s life dioes not consist in the abundance of what he has. Here is a woman who ‘has’ so much money stashed up in a bank, yet afraid to spend it, cannot say how she got it, does not know what to do with it and has it forfeited. Only God knows how many kilometers of road or schools or industies that could have bettered the lives of some Nigerians she has single handedly kept in banks. That is the kind of evil in the hearts of these people. RICH BUT VERY POOR!
Fifelomo
February 2, 2019 at 4:32 PM
How much is that amount compare to what she still owns?…next
Rosy
February 4, 2019 at 5:02 PM
Which one is loss, Is it her money?