Home / News / Patience Jonathan Explains How She Accumulated $15m in 15years [read full Story]

Patience Jonathan Explains How She Accumulated $15m in 15years [read full Story]

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For the first time since her bank accounts was freezed by the Economic amd Financial Crimes Commission (EFCC), former Nigerian first lady, Dame Jonathan, has explained how she accumulated $15 million in 15 years.

Dame Jonathan, wife of former Nigerian President has explained in graphic details how she accumulated in 15 years  $15million in several bank accounts linked to her by the Economic and Financial Crimes Commission.
 
 The explanation was given in court papers  filed by a group that has sued  Socio-Economic Rights and Accountability Project (SERAP)  on her behalf. SERAP had filed a suit in court to compel the attorney-general of the Federation to take a legal action against Mrs. Jonathan.
 
Union of Niger Delta Youth Organisation for Equity, Justice and Good Governance suing for themselves and on behalf of Mrs Dame Patience Jonathan filed a suit number FHC/L/CS/1349/2016 before a Federal High Court in Lagos,  alleging  “campaign of calumny  by SERAP against her.
 
“The funds in question were legitimate gifts from her friends and well-wishers over the last 15 years which she had been saving in order to utilize to upgrade family businesses and concerns which had been somewhat dormant by reason of the long period of her husband service as a public officer in Nigeria.
 
“The gifts were given in small contributions by several persons some of whom she cannot even now recall over this period of 15 years sometimes in as small a gift as N250,000 Naira. In order to preserve the value of these funds which she did not require for any purpose at the time she changed them into foreign exchange and kept them as cash for a long period in her home safe in Port Harcourt and Abuja.
 
“It was when the family home in Otuoke was burnt down by hoodlums under the instigation of political adversaries in 2010 that she began to think about banking these gifts which had now grown to large sums in United States Dollars. In 2010 she therefore summoned one of her husband’s domestic aides, Waripamo-Owei Emmanuel Dudafa to assist her in opening bank accounts into which the funds could be deposited.
 
“Unknown to her the said Dudafa in a bid to be discreet about the owner of the funds decided to bank the funds in the names of companies owned by him. When she discovered this she was constrained to continue with the names of the companies when she was advised that it did not make any difference as to the ownership of the funds since the director of the company would appoint her as sole signatory to the accounts in question.”

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