Skip to main content

Jubilation In Aso Rock, As Court Delivers Judgement Against Patience Jonathan, Today

Former First Lady, Patience Jonathan, has temporarily forfeited N1.0004 billion to the President Muhammadu Buhari-led Federal Government.

According to the News Agency of Nigeria, NAN, the interim forfeiture followed a court order secured by the Economic and Financial Crimes Commission, EFCC.
The money was lodged in three deposits with Fidelity Bank Plc, on 20th and 25th May, 2015.
The forfeiture order by the Federal High Court sitting in Kano, and presided over by Justice A. Lewis-Allagoa, is consequent upon a motion exparte filed by the Commission, seeking for the interim forfeiture of the money. The money was found in the account of Magel Resort Limited, a company linked to the former First Lady.
The Commission had information that a Bank account domiciled in Fidelity Bank, had a huge sum of money that was not being used by anybody.
Upon receipt of the intelligence, the EFCC swung into action, by conducting a preliminary investigation, which revealed that Patience and some relatives of former President, Goodluck Jonathan, were Directors of the Company. Others named as directors are: Oba Oba Tamunotonye, Goodluck Jonathan Aruera, Goodluck Jonathan Ariwabai, and Esther Fynface.
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, was transferred in two tranches on the 25th May, 2015, from PAGMAT OIL AND GAS NIGERIA LIMITED, a company that was not incorporated with the Corporate Affairs Commission, CAC.
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 the 2nd respondent, Fidelity Bank Plc.”
The court further ordered that the forfeited sum be deposited in the Treasury Single Account, TSA, of the Federal Government.
Please leave your comment below and don’t forget to share.

Comments

Post a Comment

Popular posts from this blog

Coronavirus: 'The worst bit is the uncontrollable coughing'

"The worst bit is the uncontrollable coughing," says Andrew O'Dwyer, who is recovering after being infected with the new coronavirus following a skiing trip to Italy in late February. "I've had worse flu, without a doubt - but I wouldn't want to catch it again," he says during his self-isolation at home in south-west London. Despite having type 1 diabetes, Andrew says having the virus "isn't anything to worry about for me personally". He adds that the fever he experienced is "no different to normal flu-type symptoms". "I've not been concerned," he says. The severity of symptoms can vary widely among people. Those who are older and have pre-existing medical conditions (such as asthma, diabetes, heart disease) are more likely to become severely ill and can need hospital treatment. There have been 10 coronavirus-related deaths so far in the UK. Andrew was told the virus wasn't circulating in the resort ...
Post a Comment
Read more

Babajide made a Stunning Revelation about the Forthcoming Governorship Election in Edo State

Babajide a veteran journalist, while speaking on the popular program “Journalist Hangout” on TVC news Friday August 7, made a stunning revelation about the forthcoming governorship election in Edo state, says all political parties should shown violence because election is not a do or die affair. Babajide while reacting said “ I have to say I have my fears about these forthcoming election, and I hope my fears does not come past. As we can see the shenanigans in Edo state it is now visible that it is no more Oshiomole against Obaseki, it is now PDP against APC which could be devastating in the light of the politics going on now. Obaseki himself divided the APC, because all the lawmakers in Edo state belong to the APC but he divided them by inaugurating some lawmakers, and refusing to inaugurate others. Right now as it stands 17 lawmakers have decided to align with the APC and just 7 lawmakers is with the Governor. For me I think Obaseki should have averted these problem by just issuing a...
Post a Comment
Read more

7 Ways to boost your brain

When it comes to mental endurance, there are a few ways to ensure a sharp mind and excellent concentration. Peter Jordan, Principal Officer of Fedhealth, explains that nutritionists emphasise the importance of healthy eating habits at such a particularly stressful time. “They advise that the right food and drink can energise your system, improve your alertness and sustain you through the long exam hours. On the other hand making the wrong dietary choices could leave you feeling jittery, sluggish or burned-out.” 1. Don’t skip meals For one, it’s important to make sure to eat. Even if you’re feeling nervous or nauseous, your brain needs the energy from food to work efficiently and stave off fatigue. However it is important to ensure it’s a light meal so you don’t feel too full. If you eat a big breakfast or lunch before an exam, you could feel drowsy and heavy, because your body’s energy is being channelled to the digestive system rath...
Post a Comment
Read more