The Federal High Court in Lagos has ordered the final forfeiture of $8.4m and N9.2bn seized from Mrs. Patience Jonathan to the Federal Government.
Justice Mojisola Olatoregun held that the money is reasonably suspected to be proceeds of crime and granted an application by the Economic and Financial Crimes Commission, EFCC, that the money should be permanently forfeited.
The judge also directed that the funds should be forfeited to the federal government on the grounds that they were proceeds of crimes while Mrs Jonathan and the firms holding the funds could not legitimately account for the ownership of the funds.
“I have no doubts that these monies are proceeds of unlawful activities,” the judge said.
Olatoregun said there were no evidence to show why the sums were paid into the said accounts, adding that it was the duty of the respondent to relate the document to the sums of money.
“I am satisfied that the respective sums are liable to be forfeited to the federal government, the respondent having failed to show cause,” the judge said.
She ordered that the sums be paid into the Central Bank of Nigeria, as well as the federal government’s account.
Joined in the suit as respondents are Patience Jonathan, Globus Integrated Services Ltd, Finchley Top Homes Ltd, Am-Pm Global Network Ltd, Pagmat Oil and Gas Ltd and Magel Resort Ltd and Esther Oba, younger sister to Jonathan.
On October 29, 2018, EFCC’s counsel, Rotimi Oyedepo had moved a motion for the final forfeiture of the money to the federal government.