A Federal High Court sitting in Kano has ordered that Patience, wife of former President Goodluck Jonathan, should temporarily forfeit temporarily N1.0004 billion to the Federal Government.
The interim forfeiture followed a court order secured by the Economic and Financial Crimes Commission, (EFCC) on the money lodged in three deposits with Fidelity Bank Plc on 20th and 25th May, 2015.
The forfeiture order by presiding Justice A. Lewis-Allagoa was consequent upon a motion ex parte filed by EFCC 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. Others named as directors are Oba Oba Tamunotonye, Goodluck Jonathan Aruera, Goodluck Jonathan Ariwabai and Esther Fynface.
The Commission had said account was discovered following a hint on a dormant account with Fidelity Bank. Investigation later revealed that it was owned by Magel Resort Limited.
It was also 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 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. sdlocked0 List