Skip to content
July 20, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • National News
  • Court orders fresh interim forfeiture of Patience Jonathan’s $5.8m
  • National News

Court orders fresh interim forfeiture of Patience Jonathan’s $5.8m

Admin April 26, 2017
Mrs-Patience-Jonathan

Mrs-Patience-Jonathan

Mrs-Patience-Jonathan
Mrs-Patience-Jonathan

Barely 24 hours after the Economic and Financial Crimes Commission (EFCC) withdrew a motion before a Federal High Court Lagos for stay of execution of a judgment which unfroze the account of a former first lady, Patience Jonathan,  Justice Mojisola Olatoregun  on Wednesday granted a fresh ex-parte application ordering the forfeiture of 5.8 million dollars belonging to the former First Lady.

Justice Mojisola Olatoregun had on April 6 unfreeze the account after Jonathan’s lawyer, Mr Ifedayo Adedipe (SAN), challenged the propriety of EFCC’s action.

He had challenged the commission for joining her in a suit, which he said, she was not a party to, and urged the court to unfreeze Jonathan’s account.

Dissatisfied with the unfreezing order, EFCC had filed an application for a stay of execution of the order as well as a notice of appeal challenging the judgment.

The two applications, according to EFCC counsel, Mr Rotimi Oyedepo, were dated April 6 and filed on April 7.

At the resumed hearing of the case on Tuesday, Oyedepo informed the court of his agency’s intention to withdraw the two applications.

He did not give reasons for the withdrawal.

Following the withdrawal of the applications, Adedipe confirmed service of the application for withdrawal on the defendants.

He equally informed the court of his intention to withdraw Form 48 (notice of Committal to prison) and Form 49 (Committal to prison), which he said, was filed against Skye Bank in anticipation of a failure to obey the order of the court.

After the submissions of both counsel, Olatoregun granted the withdrawal of both the EFCC’s two applications and Patience Jonathan’s Form 48 and Form 49 respectively.

Olatoregun had in 2016 following the application of EFCC, ordered that the account of the former first lady which housed the sum of about 5.8 million dollars be frozen on the grounds that the money was suspected to be proceeds of a crime.

Also affected by the order were five liability companies habouring a total sum of N7.4 billion.

The five companies are Finchley Top Homes Ltd, Aribawa Aruera, Magel Resort Ltd, AM -PM Global Network Ltd, Pansy Oil and Gas Ltd .

Also, affected was an account belonging to one Esther Oba having the sum of 429,000 dollars.

The freezing order was sequel to a further and better affidavit in support of an ex-parte originating summons deposed to by Abdulahi Tukur, an investigating officer of the EFCC.

 

 

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: mainnews mainnews2 newsbar newsticker recommended

Post navigation

Previous Nigeria loses $6.5m to oil sabotage in one month as FG, states, LGs share N467.8 billion
Next South African Airways crew grounds flight over pay benefits

Related Stories

Alleged $2.63m money laundering: Court admits Miyetti Allah president to N2bn bail Federal High Court
  • National News

Alleged $2.63m money laundering: Court admits Miyetti Allah president to N2bn bail

July 20, 2026
Cross River Govt. exempts women, elderly drivers from vehicle registration, levies Court sacks Cross River lawmakers
  • National News

Cross River Govt. exempts women, elderly drivers from vehicle registration, levies

July 20, 2026
LASU’s Professor Akhaine to deliver 4th Lateef Jakande Lecture on Thursday in Lagos
  • National News

LASU’s Professor Akhaine to deliver 4th Lateef Jakande Lecture on Thursday in Lagos

July 20, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

West Africa’s ECOWAS bloc signs agreement backing Nigeria-Morocco atlantic gas pipeline, statement reports regional heads
  • Business & Economy

West Africa’s ECOWAS bloc signs agreement backing Nigeria-Morocco atlantic gas pipeline, statement reports

July 20, 2026
Thunderstorm Kills Six on Farm in Adamawa, Three Survive Police
  • Metro News

Thunderstorm Kills Six on Farm in Adamawa, Three Survive

July 20, 2026
Full list of 12 records set at the 2026 World Cup
  • Sports

Full list of 12 records set at the 2026 World Cup

July 20, 2026
Alleged $2.63m money laundering: Court admits Miyetti Allah president to N2bn bail Federal High Court
  • National News

Alleged $2.63m money laundering: Court admits Miyetti Allah president to N2bn bail

July 20, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.