Justice A. Lewis-Allagoa of the Federal High Court in Kano has ordered an interim forfeiture of N1.04billion found in bank accounts of Magel Resort Limited, a company reportedly linked to former First Lady, Patience Jonathan.
The money was deposited in three (3) deposit accounts with Fidelity Bank Plc on May 20 and 25, 2015.
The Economic and Financial Crimes Commission (EFCC) had received intelligence that there was a huge sum of money domiciled in Fidelity Bank that was not being used by anyone.
According to the anti-graft, investigations revealed that the wife of Ex-President Goodluck Jonathan and his relatives (Oba Tamunotonye, Goodluck Jonathan Aruera, Goodluck Ariwabai and Esther Fynface) were directors of the company.
According to EFCC, Fynface deposited the sum of N500,000 into the account on 20th of May, 2015, while N1billion was transferred in two tranches on 25th May, 2015, by Pagmat Oil & Gas Limited, a company that had no details with the Corporate Affairs Commission.
The Court in its ruling ordered that the amount be deposited into the Treasury Single Account (TSA) of the Federal Government; “An interim forfeiture order is granted to the Federal Government in the sum of N1,000,494,000 in the bank account of the second respondent, Magel Resort Limited maintained with the second respondent Fidelity Bank Plc.”