Saturday, December 24, 2016

Court Freezes Patience Jonathan’s Multiple Accounts

A Federal High Court in Lagos has ordered the freezing of multiple bank accounts linked to the wife of former President Goodluck Jonathan, Patience.

The accounts, opened in the names of companies and an individual, had a cumulative balance of N7,418,829,290.94 (N7.4bn) and $429,381.87.

The court presided over by Justice Mojisola Olatoregun made the freezing order following an application for an interim injunction to that effect by the Economic and Financial Crimes Commission.

The EFCC had in an affidavit deposed to by one of its operatives, Mr. Abdulahi Tukur, told the judge that suspected proceeds of crime were retained in the accounts and urged the judge to urgently froze the accounts pending the conclusion of its investigations.

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