[BREAKING] Patience Jonathan loses bid to reclaim seized $5.9m
Published January 12, 2018

Oladimeji Ramon

The Court of Appeal, Lagos Division, on Friday upheld the decision of the Federal High Court in Lagos, which ordered the interim forfeiture of a sum of $5.9m found in Mrs. Patience Jonathan’s Skye Bank account.
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.

It held that the appeal lacked merit.



Justice Mojisola Olatoregun of the Federal High Court in Lagos had in April last year ordered the temporary forfeiture of the funds after the Economic and Financial Crimes Commission argued that the money was reasonably suspected to the proceeds of fraud.

Apart from Patience’s personal account with $5.9m, the judge also froze a number of accounts linked with her including an Ecobank account, with a balance of N2.4bn, opened in the name of one La Wari Furniture and Bath Limited.

But efforts to secure an order for the permanent forfeiture of the money was opposed by Patience, through her lawyer, Mr. Ifedayo Adedipe (SAN).

Also, Chief Mike Ozekhome (SAN), on behalf of La Wari Furniture and Bath Limited, opposed the permanent forfeiture of the funds in its client’s account.

The two lawyers subsequently went on appeal, seeking to overturn the temporary forfeiture order and recover the funds.

But the appellate court on Friday dismissed their appeals.

The EFCC had in an affidavit it filed before Justice Olatoregun said its investigation revealed that Patience
opened the Skye Bank account on February 7, 2013, and used it to allegedly warehouse proceeds of crime.

According to an operative of the EFCC, Musbahu Abubakar, the former first lady made several cash deposits in United States dollar into the account, through a former Special Assistant to ex-President Jonathan, Waripamo-Owei Dudafa, and a State House steward, Festus Iyoha.
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 for moving the funds.
Justice Olatoregun had then granted the interim forfeiture order and adjourned till May 22, 2017, for anyone interested in the funds to appear before her to show cause why the funds should not be permanently forfeited to the Federal Government.

http://punchng.com/breaking-patience-jonathan-loses-bid-to-reclaim-seized-5-9m/

Therre ris God o...

Buhari haters right now be like:

She should just forget that one, she has more.

;DA

anibirelawal:
Therre ris God o...

Madam Peshe and other looters are in trouble. Waiting for Pro corruption Media Personnel, (PCMP), to come and defend their own.
Ozekhome, lost this one.

Ntoor

Wow... make them give me $100k there abeg.

Abeg they should let this woman be. What happens to the likes of Ameachi, Ngige etc.......... yeye ...

Ok

patience right now

"welcome development".... Zombie.

"Sai baba, all looters must return our stolen yam".... BMC

"What about the corruption in your Government".... wailing Wailers

(Let the drama began, me don finish the script).


Abeg who go by the popcorn? Na traffic hold you?

Good News!!!

Pmb is working......yinmu

What will happen to all that money now?

Make dem borrow me $1M when dem nor dey use again..

charliboy654:
She should just forget that one, she has more.

Not even Dangote can forfeit that kind of money without a fight

zz

1 dollar - 360 naira

I.e 5900000 X 360 = #2,124,000,000.

Mehn...I'm just short of words.

What will Mike Ozekhome (SAND) do now I thought he vowed that he would never lose a case against EFCC as long as his friends remain as Judges.


Both Ozekhome and Patience are jail bound, Buhari will be ruthless on corruption especially compromised Judges and corrupt Lawyers after 2019 election

Nice story.

old people no get shame sha

$5.9m multiply by #361 =? This is big Money.. CHAI

in advanced country, that woman should have been jailed. cos even the former president couldn't earn that much in his 6year tenure if due process is being followed not to even talk of the former first lady. it's a good thing she lost the bid.

Serves the shameless "there is God o" crooner right