FORMER First Lady, Mrs Patience Jonathan has been ordered by Justice Lewis Allagoa of the Federal High Court sitting in Kano to temporarily forfeit over N1billion to the Federal Government following an exparte application by the anti-corruption agency, Economic and Financial Crimes Commission, EFCC.
The funds placed on temporary forfeiture were reportedly lodged on 20th and 25th May, 2015 in three deposit accounts in the name of Magel Resort Limited in with Fidelity Bank Plc. The ECFF says Magel Resort Limited is linked to the former First Lady.
The Commission said that it swung into action following financial intelligence report that the huge sum of money was lying untouched by anybody in Fidelity Bank.
According to the EFCC, preliminary investigations revealed that Mrs Jonathan and some relatives of the former President Goodluck Jonathan were directors of the company, including Oba Oba Tamunotonye, Goodluck Jonathan Aruera, Goodluck Jonathan Ariwabai and Esther Fynface.
According to the EFCC, on the 20th of May, 2015, Fynface who is alleged to be in charge of the company, deposited the sum of N500,000 into the account in question. Also, on the 25th May, 2015, N1billion was transferred in two tranches into the account by Pagmat Oil and Gas Nigeria Limited, a company not incorporated with the Corporate Affairs Commission, CAC.
Having considered the facts placed before him, Justice A. Lewis-Allagoa ordered: “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 2nd respondent Fidelity Bank Plc”. The court further ordered that the forfeited sum be deposited in the Treasury Single Account, TSA, of the Federal Republic of Nigeria.