20160916

EFCC: Patience Jonathan Must Forfeit $15million

The Economic and Financial Crimes Commission says it is heading to court to file an application seeking the total forfeiture of $15,591,700, belonging to ex-First Lady, Patience Jonathan.

However, Jonathan’s wife had claimed that the money in the accounts belonged to her even though there is no paper evidence to establish a link between her and the companies. She also urged the court to compel the EFCC to lift the restriction on the accounts.

The money is currently lodged in the Skye Bank account of four companies:
Pluto Property and Investment Company Limited; Seagate Property Development & Investment Company Limited; Trans Ocean Property and Investment Company Limited and Avalon Global Property Development Company Limited.

The EFCC had frozen the four accounts, which were linked to a former Special Adviser to the President on Domestic Affairs, Waripamowei Dudafa.

The EFCC had arraigned the 4 companies on Thursday and the companies pleaded guilty to money laundering charges.

A senior EFCC official told Punch that the commission would subsequently apply for total forfeiture of the funds.

“The four companies, in whose accounts the monies were lodged, have pleaded guilty to money laundering. We are therefore filing an application, seeking the complete and total forfeiture of the money to the Federal Government.

“The $15,591,700 should go (be deposited in) into the Treasury Single Account of the Federal Government of Nigeria.”