Alleged N12.2bn Fraud Case: Patience Jonathan to know fate Feb 11

Alleged N12.2bn Fraud Case: Patience Jonathan to know fate Feb 11

Justice Mojisola Olatoregun of the Federal High Court sitting in Ikoyi, Lagos, is set to deliver judgement in a lawsuit filed by the Economic and Financial Crimes Commission, (EFCC), for forfeiture of the sums of $8,435,788.84 (about N3 billion) and N9.2 billion (totalling about N12.2 billion), linked to Patience Jonathan, wife of former president, Goodluck Jonathan believed to be proceeds of financial fraud.

The court had, on April 19, 2018, ordered an interim forfeiture of the money, following an ex-parte application filed by the EFCC against Patience and some companies.

The companies named in the suit marked FHC/L/CS/620/18 are Globus Integrated Service Limited, Finchley Top Homes Limited, AM-PM Global Network Limited, Pagmat Oil and Gas Limited and Magel Resort Limited.

The monies were believed to be in the custody of some banks including Skye Bank Plc (now Polaris Bank Plc), Diamond Bank Plc, Stanbic-IBTC and First Bank Plc.

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At the last adjourned sitting on Tuesday, January 15, 2019, five video clips of companies belonging to Patience were shown to the court.

The applicant’s counsel, Rotimi Oyedepo, after viewing the videos explained to the court that he was not served the video of the Women for Change Initiative and two others by the defence.

This claim was confirmed by the court.

During yesterday’s proceedings, Oyedepo was served some applications pertaining to the video evidence played in the court.

During the resumed sitting on Wednesday, counsel to the first respondent, Mike Ozekhome, informed the court about the statement of the applicant’s counsel and implored the court to remove paragraphs nine to 12 of his response.

Other counsels aligned with the submission of the counsel to the first respondent.

Oyedepo further confirmed that the brandished sum of N1billion the Women for Change Initiative paid into the account of the fifth respondent, Pagmat Oil and Gas Limited, was inaccurate.

He said investigations showed that tax was not paid to the Federal Inland Revenue Service, FIRS.

“If it was an income as stated by the respondent, tax would have been paid,” he said.

In her short ruling, Justice Olatoregun allowed the further affidavit filed by the applicant, stating that she had found no reason why those paragraphs should be expunged.

 

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