Court freezes N7.4 billion, $429,381.87 in Patience Jonathan’s bank accounts
Multiple bank accounts linked to the wife of former President Goodluck Jonathan, Patience has been frozen by a Federal High court in Lagos following an application for an interim injunction by Economic and Financial Crimes Commission
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.
In granting the order, Justice Olatoregun, however, ordered the EFCC to sign an undertaking that it would indemnify the defendants if it turned out that the freezing order ought not to have been made.
Affected by the order is Patience’ account with Skye Bank with a balance of $5,316.66.
Also affected are five companies, namely: Finchley Top Homes Limited, Aribawa Aruera, Magel Resort Limited, AM-PM Global Network Limited, Pansy Oil and Gas Limited.
Also affected was one Esther Oba. Oba has a balance of $429,381.87 in her account.
