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Patience Jonathan Loses Bid To Prevent EFCC from Forfeiting Her $5.9m

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  • Patience Jonathan Loses Bid To Prevent EFCC from Forfeiting Her $5.9m

    Patience Jonathan Loses Bid To Prevent EFCC from Forfeiting Her $5.9m

    The Court of Appeal in Lagos has upheld the order of interim forfeiture of $5,842,316.66 and N2,421,953,522.78 traced to the Skye Bank and Ecobank accounts of Patience Jonathan, ex-First Lady, and La Wari Furniture and Bath Limited, and dismissed the appeal by defence team led by Mike Ozekhome, SAN.

    The appellate court, in a lead judgment by Justice Mojeed Owoade, threw out the ex-President’s wife’s appeal,challenging the forfeiture of the funds to the Federal Government, as lacking merit.

    It would be recalled that Justice Mojisola Olatoregun of the Federal High Court in Lagos had in April last year ordered the temporary forfeiture of the funds after the Economic and Financial Crimes Commission argued that the money was reasonably suspected to the proceeds of fraud.

    Apart from Patience’s personal account with $5.9m, the judge also froze a number of accounts linked with her including an Ecobank account, with a balance of N2.4bn, opened in the name of one La Wari Furniture and Bath Limited.

    According to Punch Newspapers, efforts were made to secure an order for the permanent forfeiture of the money but was opposed by Patience, through her lawyer, Mr. Ifedayo Adedipe (SAN).

    While Chief Mike Ozekhome (SAN), on behalf of La Wari Furniture and Bath Limited, opposed the permanent forfeiture of the funds in its client’s account.
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