The Economic and Financial Crimes Commission, EFCC, has secured an interim forfeiture of the sum of N1,000,494,000 (One Billion, Four Hundred and Ninety Four Thousand Naira) only lodged in three deposits with Fidelity Bank Plc on 20th and 25th May, 2015.

The forfeiture order by Federal High Court sitting in Kano and presided over by Justice A. Lewis-Allagoa is consequent upon a motion ex parte filed by the Commission seeking for the interim forfeiture of the money, which was found in the Bank account of Magel Resort Limited, a company linked to the former First Lady of Nigeria, Patience Jonathan.
The Commission had gotten an intel 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 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 (One Billion Naira Only) 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.

Ruling on the motion, 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 2nd respondent Fidelity Bank Plc”.

The court further ordered that the forfeited sum be deposited in the Treasury Single Account of the Federal Government.
https://hitng.info/forum/politics/court-orders-forfeiture-of-n1-04bn-traced-to-patience-jonathan/

Naijahit:
The Economic and Financial Crimes Commission, EFCC, has secured an interim forfeiture of the sum of N1,000,494,000 (One Billion, Four Hundred and Ninety Four Thousand Naira) only lodged in three deposits with Fidelity Bank Plc on 20th and 25th May, 2015.

The forfeiture order by Federal High Court sitting in Kano and presided over by Justice A. Lewis-Allagoa is consequent upon a motion ex parte filed by the Commission seeking for the interim forfeiture of the money, which was found in the Bank account of Magel Resort Limited, a company linked to the former First Lady of Nigeria, Patience Jonathan.
The Commission had gotten an intel 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 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 (One Billion Naira Only) 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.

Ruling on the motion, 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 2nd respondent Fidelity Bank Plc”.

The court further ordered that the forfeited sum be deposited in the Treasury Single Account of the Federal Government.
https://hitng.info/forum/politics/court-orders-forfeiture-of-n1-04bn-traced-to-patience-jonathan/

lalasticlala Seun mynd44

Best news of the year!!! (And it's just February... )

........
P34c3
.....
...

Lalasticlala Seun Mynd44

That's a lot of money

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Chaiii

Very good move.

Nawao

See money .

The Economic and Financial Crimes Commission, EFCC, has secured an interim forfeiture of the sum of N1,000,494,000 (One Billion, Four Hundred and Ninety Four Thousand Naira) only lodged in three deposits with Fidelity Bank Plc on 20th and 25th May, 2015.

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 (One Billion Naira Only) 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.

These are the PDP vultures who never allowed Nigeria to grow during a time of immense oil revenue, yet they want to return to feast on the carcass.

It will never be well with this absentee billionaire civil servant.

Chai.

Some people just siddon pocket 1 billion without any work and you wonder why youths are killing themselves for bbn.

We are lost and need to retrace out steps else we are doomed.

Ielts scams for migrants wanting g to work kn English speaking countries is fully booked for the next 2 months. That tells alot.

We need a real change not the one APC promised. We need re evaluation of our system. We need rebranding of our mentality. Many of those who want to be disciplined and honest all want to leave the country.

Corruption is in bred, Nepa, police, civil service, anything government is corrupt from the gateman to the governor

We cannot go on like this, sitting on a limited keg of gunpowder. Its gonna blow one day


Exit things on my mind.

Na the PDP wey dem wan vote for be dat. Shior!

Atiku will be worse compare to Jonathan.
SalamRushdie Pachukwudi44 and the rest lying lovers of corruption and wailing zombies won't like this..
They are surely coming to defend her as if their lives depend on it.. Waiting

NO AMNESTY FOR CORRUPT DEVILS..

wicked 1st lady

no amnesty for corrupt people, they should go to hell.

And some amnesia ridden people want us to go back to PDP. God forbid

So our Judges Don de reason well now..... 4+4= 8

Yes let's kick out the CJN so we can install a new CJN from our own cabal.

All I see is abuse of power . So much veto.

Its a circle . A new administration will come in and take away everything from PMB and his cohort as well .

eti ya were oo!! una dey mad gan !! where is the money? show us .

And the thiefs want to come back, Wailers now should be like....

If a cockroach has a case and fowl is the judge,is a must the cockroach will be found guilt,







Imagine kano court against Igbo woman,preside by yoruba.

Am so so in love with this news. I keep wondering between Abacha Nd Patience who stole most

Hahaha! CBN store room will even be traced to her... Nonsense!!

I can't wait to read from her soon on the media concerning this Judgement...

Jonathan didn’t steal,His just a THIEF.