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Patience, wife of former President Goodluck
Jonathan, has forfeited temporarily N1.0004
billion to the Federal Government.
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 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.
The money was found in the account of Magel
Resort Limited, a company linked to the former
First Lady, 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.
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.
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.
source: www.vanguardngr.com/2019/02/patience-jonathan-loses-n1-billion-to-fg/

Good for her.

We need restructuring

We have to continue like this in order to make Nigeria a better country