Lagos - A Federal High Court in Lagos on Thursday convicted four companies of laundering $15.5m kept in their accounts with Skye Bank.
The money belongs to the former First Lady, Patience Jonathan.
The companies – Pluto Property and Investment Company Limited; Seagate Property Development & Investment Co. Limited; Trans Ocean Property and Investment Company Limited and Avalon Global Property Development Company Limited – are linked with a former Special Adviser on Domestic Affairs to ex-President Goodluck Jonathan, Waripamo-Owei Dudafa.
The companies were arraigned by the Economic and Financial Crimes Commission (EFCC) for charges bordering on money laundering.
News 24 recalls that the companies had in September pleaded guilty before the court.
But wife of ex-President Goodluck Jonathan had sued the EFCC and Skye Bank, claiming ownership of the $15.5m.
Also read: Patience Jonathan begs EFCC to unfreeze her account
On Thursday, Justice Babs Kuewumi convicted the four companies of laundering the $15.5m.
While convicting the companies of money laundering, the judge said he was satisfied that the EFCC had proven its case beyond reasonable doubt.
The judge, however ,declined to rule on the application by the EFCC, urging the court to order the forfeiture of the money to the Federal Government.
Justice Kuewumi said he would reserve decision on the money till the end of the case, noting that there was still Patience Jonathan’s suit, where she is claiming ownership of the money.
The EFCC had since frozen the $15.6m found in the four companies’ accounts
- News 24