Patience Jonathan forfeits N1.0004bn to Federal Government

Patience Jonathan forfeits N1.0004bn to Federal Government

Patience Jonathan forfeits N1.0004bn to Federal Government – Previous First Lady, Patience Jonathan, has relinquished for a short time N1.0004 billion to the Federal Government.

As indicated by the News Agency of Nigeria, the temporary relinquishment followed a court arrangement obtained by the Economic and Financial Crimes Commission, EFCC.

The cash was saved in 3 deposits with Fidelity Bank Plc on twentieth & 25th May 2015.

The relinquishment arrangement by the Federal High Court sitting in Kano & handled by Justice A. Lewis-Allagoa is resulting upon a movement ex parte recorded by the Commission looking for the temporary relinquishment of the cash.

The cash was found in the record of Magel Resort Limited, an organization connected to the previous First Lady.

The agency had data that a financial balance lodged in Fidelity Bank, had a large amount of cash that was not being utilized by anyone.

At the time of knowing about the secret information, the EFCC move into action by organizing a initial thorough check, which uncovered that Patience & a few relatives of previous president, Goodluck Jonathan were directors of the Company.

Others named as directors are Oba Tamunotonye, Goodluck Jonathan Aruera, Goodluck Jonathan Ariwabai & Esther Fynface.

In an attempt to known the source of the cash, it was found that N500,000 was stored on the twentieth of May, 2015 by Fynface, who is claimed to be accountable for the Company, while N1 billion (One Billion Naira Only) was moved in two tranches on the 25th May, 2015 from PAGMAT OIL AND GAS NIGERIA LIMITED, an organization that was not registered 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 additionally requested that the relinquished amount be stored in the Treasury Single Account of the Federal Government.

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