Abuja - Patience Jonathan, the wife of former president, Goodluck Jonathan may be forced to forfeit an hotel to the value of N10 billion allegedly belonging to her if she fails to explain how she acquired funds traced to her, Punch reports.
The hotel, known as the Aridolf Resort Wellness and Spa was inaugurated by Patience in April 2015, a month before the end of her husband's tenure as president.
According to a report by UK based publication, The Financial Times, it said that the resort could favourably hold its own against any other luxury hotel in developed nations, despite the economic difficulties facing Nigeria.
"The Aridolf, which is owned by Patience Jonathan, wife of the former President, is symptomatic of how superficial progress has been in addressing the festering sense of marginalisation in the region, which remains desperately impoverished despite benefiting from a tide of petrodollars in recent years," the report said.
News24 reported that the Economic and Financial Crimes Commission (EFCC) claimed that it traced an additional $5 million dollars to the account Patience.
The anti-graft agency had initially traced $15 million to Jonathan's account, bringing the total amount to $20 million in an investigation relating to a money laundering case.
For more on this story, visit Punch.
- News 24