Patience Jonathan loses bid to reclaim seized $5.9m - News Summed Up

Patience Jonathan loses bid to reclaim seized $5.9m


The appellate court, in a lead judgment by Justice Mojeed Owoade, threw out the ex-President’s wife’s appeal challenging the forfeiture of the funds to the Federal Government. But efforts to secure an order for the permanent forfeiture of the money was opposed by Patience, through her lawyer, Mr. Ifedayo Adedipe (SAN). The two lawyers subsequently went on appeal, seeking to overturn the temporary forfeiture order and recover the funds. He said as of January 30, 2015, the Skye Bank account had a balance of $6.7m, but Patience subsequently withdrew it down to $5.9m. The EFCC had prayed the court to urgently freeze the account so as to prevent Patience from moving the funds.


Source: Punch January 12, 2018 14:35 UTC



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