Justice A . Lewis - Allagoa of the Federal High Court in Lagos yesterday ordered the temporary forfeiture of the sum of N 1 . 4 billion found in the bank account of Magel Resort Ltd , a company allegedly linked to the former first lady of Nigeria , Dame Patience Jonathan , to the federal government .
Justice Lewis - Allagoa’s ordered that the money allegedly lodged in three deposits with Fidelity Bank Plc on May 20 and 25 , 2015 , be kept in the custody of the government after listening to an ex parte application filed by the EFCC to that effect.
The anti - graft agency claimed in an affidavit attached to the application that it got an intelligence report that a bank account domiciled in Fidelity Bank had a huge sum of money that was not being used by anybody .
The commission stated that upon receipt of the intelligence , it swung into action by conducting preliminary investigation , which revealed that Patience Jonathan and some relatives of former President Goodluck Jonathan were directors of the company.
Others named as directors are Oba Tamunotonye , Goodluck Jonathan Aruera , Goodluck Jonathan Ariwabai and Esther Fynface .
The EFCC claimed that in trying to trace the origin of the money , it was discovered that N 500 ,000 was deposited on May 20 , 2015 by Fynface, who is alleged to be in charge of the company, while N1 billion was transferred in two tranches on May 25 , 2015 from PAGMAT Oil and Gas Nigeria Ltd , a company that was not incorporated with the Corporate Affairs Commission .
In his ruling on the application, Justice Lewis - Allagoa held that “an interim forfeiture order is granted to the federal government in the sum of N 1 ,000 ,494 , 000 ( one billion , four hundred and ninety four thousand naira only ) in the Bank account of the 1 st respondent, Magel Resort Ltd 4011019546 which is maintained with 2 nd respondent, Fidelity Bank Plc ” .
The judge also directed that the forfeited sum be deposited in the Treasury Single Account of the federal government .