Wednesday, 26 April 2017

Federal High Court Orders Interim Forfeiture Of Patience Jonathan’s $5.9m

Barely 24 hours after granting former First lady, Patience Jonathan, access to her $5.9 million lodged with Skye bank (Read HERE), the Federal High Court in Lagos this afternoon ordered an interim forfeiture of the funds. The court granted the order following an application by the EFCC, demanding that they forfeit the sum of $5.8 million belonging to Mrs  Jonathan.

Yesterday EFCC withdrew its application for a stay of execution on the court order granted on April 6th to unfreeze her money. The court afterwards gave Mrs Jonathan unrestrained access to the unfrozen $5.8 million. However this morning, the antigraft agency approached the court with a fresh application for an order of interim forfeiture of the funds. The EFCC alledged that the money was proceeds from financial crimes carried out by Mrs Jonathan.

EFCC wants the sum forfeited to the Federal Government pending the determination of the motion on notice. The presideing judge, Justice Mojisola Olatoregun on receiving the application, granted the request of the EFCC.

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