Oladimeji RamonThe Federal High Court in Lagos on Monday ordered the permanent forfeiture of the sums of N9.2bn and $8.4m recovered from wife of former President Goodluck Jonathan, Patience. The judgment followed an application by the Economic and Financial Crimes Commission, which said the funds were proceeds of crime. It alleged that the firms were incorporated for the purpose of warehousing proceeds of unlawful activities for Patience. The SAN said, contrary to the claim by the EFCC, the funds were cash gifts which Patience received when her husband was in office. However, Justice Olatoregun, in her judgment, disagreed with the SAN and granted the application by the EFCC.

Source: Punch July 01, 2019 11:24 UTC