Court orders forfeiture of Patience Jonathan’s N1.04bn - News Summed Up

Court orders forfeiture of Patience Jonathan’s N1.04bn


Adelani Adepegba, AbijaThe Economic and Financial Crimes Commission has secured an interim forfeiture of N1.04bn lodged in three deposit accounts with Fidelity Bank Plc on May 20 and 25, 2015 by a company linked to the former first lady, Patience Jonathan. The forfeiture order by the Federal High Court sitting in Kano and presided over by Justice A. Lewis-Allagoa was consequent upon an ex parte motion filed by the commission seeking for the interim forfeiture of the money, which was found in the bank account of Magel Resort Limited. This was contained in a statement in Abuja on Friday by the acting EFCC spokesman, Tony Orilade. The commission had obtained an intelligence that a bank account domiciled in Fidelity Bank, had a huge sum of money that was not being utilised by anyone. Others named as directors are Oba Tamunotonye, Goodluck Jonathan Aruera, Goodluck Ariwabai and Esther Fynface.


Source: Punch February 02, 2019 00:33 UTC



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