Nigeria’s former First Lady Patience has forfeited temporarily N1.0004 billion to the Federal Government. The interim forfeiture of the huge sum of money said to have been lodged in three deposits with Fidelity Bank Plc on 20th and 25th May 2015, following a court order secured by the country’s anti-graft body, the Economic and Financial Crimes Commission (EFCC). The forfeiture order was granted by a Federal High Court sitting in Kano, presided over by Justice A. Lewis-Allagoa as a result of a motion ex parte filed by the EFCC seeking for the interim forfeiture of the money it said was found in the account of Magel Resort Limited, a company linked to the Patience Jonathan. The EFCC said 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 the EFFC said was not incorporated with the Corporate Affairs Commission. The court further ordered that the forfeited sum be deposited in the Treasury Single Account of the Federal Government.

Source: Nigerian Tribune February 01, 2019 16:41 UTC