• The Membership Club
  • #EndSARS Dashboard
  • PT Hausa
  • About Us
  • Advert Rates
  • Careers
  • Contact Us
  • Digital Store
Wednesday, February 1, 2023
Premium Times Nigeria
  • Home
  • Gender
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Special Reports and Investigations
      • Health Specials
    • Features and Interviews
    • Multimedia
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Special Reports/Investigations
    • Features and Interviews
    • Multimedia
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects & Partnerships
    • AUN-PT Data Hub
    • #EndSARS Dashboard
    • Parliament Watch
    • #PandoraPapers
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
  • Home
  • Gender
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Special Reports and Investigations
      • Health Specials
    • Features and Interviews
    • Multimedia
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Special Reports/Investigations
    • Features and Interviews
    • Multimedia
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects & Partnerships
    • AUN-PT Data Hub
    • #EndSARS Dashboard
    • Parliament Watch
    • #PandoraPapers
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
Premium Times Nigeria
BUA Group Ad BUA Group Ad BUA Group Ad
former First Lady, Patience Jonathan.

Former First Lady, Patience Jonathan.

Court orders final forfeiture of N9.2 billion, $8.4 million linked to Patience Jonathan

byOlamide Fadipe
July 1, 2019
Reading Time: 2 mins read
2

The Federal High Court in Lagos on Monday ordered the final forfeiture of N9.2 million and $8.4 million dollars belonging to Patience Jonathan, wife of former President Goodluck Jonathan.

The Economic and Financial Crimes Commission (EFCC ) had, through its counsel Rotimi Oyedepo, in October 2018, moved a motion before Justice Mojisola Olatoregun for the final forfeiture of the funds said to belong to the former First Lady.

The funds were domiciled in Diamond Bank, Fidelity Bank, Eco Bank, Stanbic bank, Skye Bank, Zenith Bank and First Bank.

According to Justice Olatoregun, there was not enough cause in the affidavits filed before the court to show that the N1.8 billion domiciled in Fidelity Bank, N256 million domiciled in Eco Bank, N1,085,000,000 billion naira domiciled in Eco Bank, N39.4 million in Diamond, N7 million in Diamond Bank, N1.8 billion in Fidelity Bank, N307 million Stanbic Bank, N55 million in Diamond, N1.8 billion in Fidelity Bank, N174 million in Diamond, N858 million in Zenith, $429,000 dollars in Skye Bank, $4 million dollars in First Bank, $4,136,000 million dollars in Skye Bank should not be classified as proceeds of unlawful activities.

Justice Olatoregun subsequently ordered the forfeiture of the sums totalling N9.2 billion and $8.4million to the federal government.

“Accordingly, the same funds reasonably suspected to be proceeds of unlawful activities as defined in section 16 of Advanced Free Fraud and Related Offences Act and the EFCC Establishment Act, 2004, are hereby forfeited to the federal government of Nigeria.”

During prosecution, the EFCC had secured an interim order for forfeiture of the sums on April 20, 2018, before Justice Olatoregun.

In her defence, Mrs Jonathan through her counsel, had informed the court that the monies EFCC sought to be forfeited were proceeds of goodwill donations from Nigerians, which she enjoyed as the wife of a deputy governor, governor and president, and also proceeds of funds raised when she launched her NGO, Women 4 Change and Development Initiative, in 2010.

Atiku-Okowa AD

Mrs Jonathan’s husband, before becoming Nigeria’s president, was Bayelsa deputy governor, governor, and vice president. He became president in 2010 following the death of late President Umaru Yar’Adua.

The Supreme Court had in March dismissed an application filed by Mrs Jonathan, seeking to upturn the interim forfeiture order by the same court placed on the sum of N2.4 billion linked to her.

Share this:

  • Twitter
  • Facebook
  • WhatsApp
  • Telegram
  • LinkedIn
  • Email
  • Print



Support PREMIUM TIMES' journalism of integrity and credibility

Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.

For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.

By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.

Donate



TEXT AD: Call Willie - +2348098788999






PT Mag Campaign AD

NAHCON State AD NAHCON Tour Operator AD NAHCON Cargo Operator AD

Kogi AD

TEXEM Advert
Previous Post

INEC announces plans for Bayelsa, Kogi governorship polls

Next Post

Encomiums as NPHCDA Public Relations Head retires

Olamide Fadipe

Olamide Fadipe

More News

Kenneth Abang

Federal lawmaker’s aide abducted in Cross River

January 31, 2023
Godwin Emefiele, governor of Central Bank of Nigeria (CBN).

UPDATED: Banks must accept old naira notes after 10 February deadline — Emefiele

January 31, 2023
Major General Leo Irabor, Chief of Defence Staff

NHRC set to probe allegation of secret abortion programme against Nigerian military

January 31, 2023
Ajagunigbala

How Ifa priest’s death while consorting with pastor’s wife threw community into confusion

January 31, 2023
COVID-19 vaccination [PHOTO CREDIT: @UNICEF_Nigeria]

EXPLAINER: What you need to know about Diphtheria

January 31, 2023
Mele Kyari, NNPC GMD

UPDATED: NNPC takes over Addax Petroleum’s PSC assets

January 31, 2023
Read All Comment

Our Digital Network

  • PT Hausa
  • Election Centre
  • Human Trafficking Investigation
  • Centre for Investigative Journalism
  • National Conference
  • Press Attack Tracker
  • PT Academy
  • Dubawa
  • LeaksNG
  • Campus Reporter

Resources

  • Oil & Gas Facts
  • List of Universities in Nigeria
  • LIST: Federal Unity Colleges in Nigeria
  • NYSC Orientation Camps in Nigeria
  • Nigeria’s Federal/States’ Budgets since 2005
  • Malabu Scandal Thread
  • World Cup 2018
  • Panama Papers Game
  • Our Digital Network
  • About Us
  • Resources
  • Projects
  • Data & Infographics
  • DONATE

All content is Copyrighted © 2022 The Premium Times, Nigeria

No Result
View All Result
  • Digital Store
  • Home
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Gender
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Health
    • COVID-19
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Investigations
    • Investigations
    • Interviews
    • Multimedia
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • #EndSARS Dashboard
  • AUN-PT Data Hub
  • Projects
    • Panama Papers
    • Paradise Papers
    • Parliament Watch
    • AGAHRIN
  • Opinion
  • PT Hausa
  • The Membership Club
  • DONATE
  • About Us
  • Advert Rates
  • Dubawa NG
  • Careers
  • Contact Us

All content is Copyrighted © 2022 The Premium Times, Nigeria