Alleged N12.2bn Fraud: Patience Jonathan Knows Fate On February 11th

Alleged N12.2bn Fraud: Patience Jonathan Knows Fate On February 11th

Justice Mojisola Olatoregun of the Federal High Court sitting in
Ikoyi, Lagos, has fixed February 11, 2019 to deliver judgment in an
application for final forfeiture filed by the Economic and Financial
Crimes Commission, EFCC, of the sums of $8,435,788.84 (about N3 billion)
and N9.2 billion (totalling about N12.2 billion), linked to Patience
Jonathan, wife of former president, Goodluck Jonathan, and believed to
be proceeds of illegal activities.

The court had, on April 19, 2018, ordered an interim forfeiture of
the money, following an ex-parte application filed by the EFCC against
Patience and some companies.

The companies named in the suit marked FHC/L/CS/620/18 are: Globus
Integrated Service Limited, Finchley Top Homes Limited, AM-PM Global
Network Limited, Pagmat Oil and Gas Limited and Magel Resort Limited.

The money was said to be warehoused in some banks, including Skye
Bank Plc (now Polaris Bank Plc), Diamond Bank Plc, Stabic-IBTC and First
Bank Plc.

At the last adjourned sitting on Tuesday, January 15, 2019, five
video clips of companies belonging to the former First Lady were shown
to the court.

After viewing the videos, counsel to the applicant, Rotimi Oyedepo,
informed the court that he was not served the video of the Women for
Change Initiative and two others by the defence, a claim that was
confirmed by the court.

During yesterday’s proceedings, Oyedepo was served some applications pertaining to the video evidence played in the court.

At the resumed sitting today, January 16, 2019, counsel to the first
respondent, Mike Ozekhome, SAN, told the court about the response of the
counsel to the applicant and urged the court to expunge paragraphs nine
to 12 of his response.

Other counsels aligned with the submission of the counsel to the first respondent.

In his response to the application served on him at yesterday’s
sitting by the respondents, Oyedepo informed the court that a sum of
about N1billion that the Women for Change Initiative paid into the
account of the fifth respondent, Pagmat Oil and Gas Limited, was
inaccurate.

He said investigations showed that tax was not paid to the Federal Inland Revenue Service, FIRS.

“If it was an income as stated by the respondent, tax would have been paid,” he said.

He also told the court that first respondent controlled the accounts
of the third to the sixth respondents, as she was the sole signatory to
all the accounts.

He, therefore, urged the court not to strike out paragraphs nine to 12 of his further response affidavit.

In her short ruling, Justice Olatoregun allowed the further affidavit
filed by the applicant, stating that she had found no reason why those
paragraphs should be expunged.

In his further response to the counter-affidavits filed by the
respondents to his motion for final forfeiture of the monies, he told
the court that the first respondent breached the trust of the
Constitution establishing the Women for Change Initiative that says “a
fund should not be transferred to any of the members that has interest
in the company”.

He said the money transferred to the fifth respondent was a breach of
trust, adding that “there was no evidence of petroleum products being
supplied.”

He tendered cheques issued by the first respondent to the tune of
N500m from the Women Initiative account to the fifth respondent’s
account, to which she is the only signatory.

Oyedepo further stated that it was an unlawful act to induce men and
women to make donations only to end up converting same to personal use.

“My lord, the first respondent never disclosed any of the sources that made the donations.

“Instead, she signed the cheques, using other people’s names and
passport photographs for various transactions and conversions of funds.

“The two men who are signatories to the second respondent’s account are at large.

“The funds traced to the accounts are all cash payments in dollars
given to a steward in the State House to pay into the accounts, using
fictitious names,” he further submitted.

He also brought to the notice of the court that after the court had
earlier struck out the initial application to forfeit these funds, the
third to the sixth respondents issued instructions to the various banks
where the money was to be forfeited, informing them to transfer the
money to different banks.

He told the court that the receipt brought by the respondent was an
attempt to “pull wool over the court’s eye. There was no name, address,
phone number on the receipt of the money paid into the accounts of the
third to the sixth respondents.

“Some of the people who deposited the money had written to the EFCC
that they did not buy anything, but that they were given dollars, which
they changed and converted to Naira and paid into those accounts.”

He, therefore, passionately urged the court to forfeit the funds and
to place reliance on all the EFCC exhibits before the court.

“My lord, the respondents have not shown cause that the funds are legitimate,” he submitted.