Court orders final forfeiture of N9.2 billion, $8.4 million linked to Patience Jonathan
The Federal High Court in Lagos on Monday ordered the final forfeiture of N9.2 million and $8.4 million belonging to Patience Jonathan, wife of former President Goodluck Jonathan.
The Economic and Financial Crimes Commission (EFCC ) had, through its counsel Rotimi Oyedepo, in October 2018, moved a motion before Justice Mojisola Olatoregun for the final forfeiture of the funds said to belong to the former First Lady.
The funds were domiciled in Diamond Bank, Fidelity Bank, Eco Bank, Stanbic bank, Skye Bank, Zenith Bank and First Bank.
According to Justice Olatoregun, there was not enough cause in the affidavits filed before the court to show that the N1.8 billion domiciled in Fidelity Bank, N256 million domiciled in Eco Bank, N1,085,000,000 billion naira domiciled in Eco Bank, N39.4 million in Diamond, N7 million in Diamond Bank, N1.8 billion in Fidelity Bank, N307 million Stanbic Bank, N55 million in Diamond, N1.8 billion in Fidelity Bank, N174 million in Diamond, N858 million in Zenith, $429,000 dollars in Skye Bank, $4 million dollars in First Bank, $4,136,000 million dollars in Skye Bank should not be classified as proceeds of unlawful activities.
Justice Olatoregun subsequently ordered the forfeiture of the sums totalling N9.2 billion and $8.4million to the federal government…….read more
Source: Premium Times