Court Orders Temporary Forfeiture Of Patience Jonathan’s N350m

A Federal High Court in Lagos, Southwest Nigeria on Tuesday ordered temporary forfeiture of N350 million found in the account of a limited liability company AM-PM Global Network Limited, for being proceeds of enrichment derived by the wife of former President, Patience Jonathan when she was Permanent Secretary appointed by the Bayelsa State Government.

According to the nine-paragraph affidavit attached to the ex-parte application and sworn to by an operative of the EFCC, Musbau Yahaya, it was averred that the commission received an intelligence report. It was further averred that upon investigation, it was found out that Stanbic IBTC Bank was in possession of proceeds of unlawful acts and retained same in the account sought to be attached.


The anti-graft agency said the court order to freeze the account pending conclusion of investigation is needed to prevent the dissipation of the funds.


Justice Rabiu-Shagari after listening to the submission made by the EFCC lawyer, ordered the Manager of STANBIC-IBTC Bank, Crescent branch, Walter Carrington, to freeze the sum of N350 million, belonging to AM-PM Global Network Limited.

From Sahara Reporters