The Court of Appeal, Lagos Division, on Friday upheld the decision of the Federal High Court in Lagos, which ordered the interim forfeiture of a sum of $5.9m found in Mrs. Patience Jonathan’s Skye Bank account.
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.
It held that the appeal lacked meri
the Economic and Financial Crimes Commission argued that the money was reasonably suspected to be 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.
Efforts to secure an order for the permanent forfeiture of the money was opposed by Patience, through her lawyer, Mr. Ifedayo Adedipe (SAN)
Justice Olatoregun then granted the interim forfeiture order and adjourned till May 22, 2017 for anyone interested in the funds to appear before her to show cause why the funds should not be permanently forfeited to the Federal Government.
Source :punchng
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