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How 31 suspects put $11.4m in Jonathan’s wife’s account

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‘$41,438 blown in one-day shopping’

Ex-First Lady to EFCC: let’s settle

THE DEPOSITORS

  • Festus Iyoha
  • Ocheche Emmanuel
  • Philemon Buoro
  • Festus Isidahomen
  • Felicia Apatake
  • Patricia Okogun
  • Buoro Ojo
  • Stella Wasiu
  • Amaka Adebayo
  • Segun Moses
  • Jimoh Peter
  • Ahmed Musa
  • Ibrahim Musa
  • Dame P. Jonathan
  • Ayemere Sunday
  • Eneji A.P
  • Johnson Ojo
  • Mary Buoro
  • Jude  Bosede
  • Festus Iyoha
  • Jimoh Moses
  • Ahmed Musa
  • Germaine
  • Dudafa
  • Germani
  • Ade Suleiman
  • Mohammed Adamu
  • Francis Muhd
  • Kunle Peter
  • Suleiman Ade
  • Jonathan Patience

Former First Lady Mrs Patience Jonathan is a shopping freak – going by facts and figures unveiled by detectives.

She blew thousands of dollars at highbrow stores. The cash came from $11,849,069.03, which the Economic and Financial Crimes Commission (EFCC) said 31 individuals and companies paid  into her two domiciliary accounts.

The accounts, which  are Skye Bank (2110001712) and First Bank (2022648664) had “questionable deposits” between 2013 and 2017.

The Skye Bank account had about $7,452,319.32 lodged in it. Detectives found $4,036,750.00 in the second account with First Bank.

The ex-First Lady allegedly spent the cash at TFS stores,  Selfridges,  John Lewis, Kingsgate,  Sainsbury’s, Harrods, Marks and Spencer, Dolce and Gabbana, and Gina.

She went on a shopping  spree in expensive outlets in the United States, Britain, Germany, Hong Kong, UAE, Italy and China.

The highest shopping was  at Goyard Beijing  in Beijing CN on January 28, 2014 where Mrs. Jonathan shelled out $28,388.72.

On the same day at Hulian Xinguang Beijing CN, she blew $13, 069.68 on some luxury items.

There were transactions traced to Oakham School,  Natwest Bank and $26, 228. 18 spent at Hotel Nassaeur HOF Wishbaden DE on November 20, 2015.

Perhaps overwhelmed by the EFCC probe and its likely consequences, the ex-First Lady has applied for an out-of-court settlement with the EFCC.

In “a major breakthrough by EFCC with international collaboration” detectives found that about $7,452,319.32 suspicious funds were deposited in the ex-First Lady’s account with number 2110001712 between 8th February 2013 and 7th April 2015.

The account was opened on  September 12, 2013  by a former Special Assistant on Domestic Affairs to ex-President Goodluck Jonathan Hon. Dudafa Waripamo Owei depositing  $1,948,400.00.

About 23 other individuals, including  the ex-First Lady allegedly deposited cash into  the account as follows: Festus Iyoha ($287,100.000); Ocheche Emmanuel ($150,000);  Philemon Buoro ($150,000);  Festus Isidahomen ($100,000);  Felicia Apatake ($148,900); Patricia Okogun ($ 99,700); Buoro Ojo  ($400,000); Stella Wasiu  ($250,000);  Amaka Adebayo  ($250,000);  Segun Moses  ($249,400); Jimoh Peter ($246,700);  Ahmed Musa ($196,400); Ibrahim Musa($198,300); Dame P. Jonathan ($100,000);  Ayemere Sunday ($ 250,000);  Eneji A.P ($300,000); Johnson Ojo ($300,000);  Mary Buoro ($400,000); Jude  Bosede ($500,000); Festus Iyoha ($400,000);  Jimoh Moses ($400,000) and  Ahmed Musa ($100,000).

“The balance in this account as at 9th September 2016 was about $5,831,173.55,” the EFCC said.

The second account was opened on February 22, 2013 at First Bank.

Cash deposits were made into the account between 26th February 2013 and 30th April, 2017 which altogether was $4,036,750.

Apart from the ex-First Lady who deposited $2,037,650 in nine tranches, other lodgments ranged  from $98,900 to $400,000.

The former SA Domestic, Dudafa Waripamo Owei, led the pack of depositors on 27th February 2013 with a deposit of $400,000. Other depositors are: Germaine ($100,000); Dudafa ($400,000); Germani ($200,000); Ade Suleiman ($200,000); Mohammed Adamu ($300,000); Francis Muhd ($300,000); Kunle Peter ($200,000); Suleiman Ade ($299,900,00) and Jonathan Patience ($2,037,650).

“Detectives traced the transactions pattern placed the card holder in various countries to United States, Great Britain, Germany, Hong Kong, UAE and Italy.

The card was allegedly used in highbrow shops, such as Marks and Spencer,  Kingsgate, Natwest Bank, Gina stores and Harrods.

“ The balance in this account as at 9th September 2016 was $3,691,145.48.”

A source in EFCC said: “We have gone far in our investigation of the ex-First Lady to prove that it is not  a case of witch-hunt in any manner whatsoever. We are already trying to verify the names of the depositors if they really existed or they are fake.

“ Since we have uncovered all these suspicious deposits, we only need her to account in court on how she came about them. Our crack teams worked day and night to trace these funds.

“With international collaboration, there is no hiding place for Politically Exposed Persons (PEPs) because some of these malls sometimes  report suspicious transactions or spending. They marvelled at where top Nigerian political office holders and their spouses got the cash being lavished.”

The former First Lady, however,  seems to be tired of litigation over her fortune. In a January 30, 2018 letter, titled “Proposal for out-of-Court Settlement of all cases related to Dame (Mrs.) Ibifaka Patience Jonathan,” she told the EFCC of her intention to settle the matter.

The letter, which was written by her counsel, Chief Ifedayo Adedipe (SAN), is being considered by the EFCC.

The letter said: “As senior counsel,  representing Dame (Mrs.) Patience Jonathan (former First Lady) and companies linked to her and some family members, associates,  companies and NGOs, we have thought it fit to engage your commission in a discussion over all issues involving her and the commission with a view to having amicable resolution of all cases as stated above.

“This will enable both sides create an atmosphere for mutual understanding and peaceful coexistence. We will therefore appreciate it, if you can give us an appointment at your earliest convenience to have a discussion over all matters involving her and members of her family.

“We believe that an amicable settlement will be in the best interest of both your commission and our client.

“We assure you of our utmost commitment and sincerity of purpose in this connection,  and we solicit your cooperation in this regard. Please, accept the assurances of our warm regards.”

Another EFCC source said: “We have received a letter from the ex-First Lady, we are studying it on whether or not to accept the out-of-court settlement or allow justice to take its course.”

Apart from the cash, the ex-First Lady is linked to 12 choice properties and a plot of land on which a building is being built.

The investigative team had recommended that Section 7 of the EFCC Establishment Act 2004 be invoked on the properties after due verification.

The assets linked to Mrs. Jonathan in Port Harcourt  are:  Former Customs Service officers mess; two duplexes at 2/3 Bauchi Street; landed property with blocks at Ambowei Street; 3 Luxury apartments of 4-bedroom each at Ambowei Street;  and Grand View Hotel along airport road.

In Yenagoa, the Bayelsa State capital, are two marble duplexes at Otioko GRA by Isaac Boro Expressway;  Glass House along Sani Abacha Expressway which is housing Nigerian Content Development and Monitoring  Board; Akemfa Etie Plaza by AP filling Station, Melford Okilo  Road; and Aridolf  Resort, Wellness and Spa on Sani Abacha Expressway.

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FEC Backs $2.99bn Rail Projects, Sets Stage for Power Sector Shake-Up

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… Lagos Green Line, Kano, Kaduna rail schemes to boost connectivity

… Tinubu to chair power sector task force as reforms gather pace

The Federal Executive Council (FEC) on Thursday approved a $2.99 billion package of rail infrastructure projects and the establishment of a Presidential Task Force on Power Sector Reform, in a move signalling a renewed push by the administration of President Bola Ahmed Tinubu to deepen infrastructure development and unlock economic growth.

Briefing State House correspondents after the Council meeting, the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, said the rail projects span key urban corridors and are designed to enhance mobility, reduce congestion, and stimulate regional commerce.

He listed the projects as the Lagos Green Line Rail, the Kano State Metro Rail, and the Kaduna State Rail project, noting that they have already been captured in the extended 2025 budget.

“The Federal Executive Council approved three transformative rail projects – Lagos Green Line, Kano State Metro Rail, and Kaduna State Rail project. These projects are to be sponsored by the Ministry of Finance Incorporated,” Oyedele said.

He explained that the approvals align with the administration’s broader infrastructure strategy, which prioritises rail transport as a cost-effective and sustainable alternative to road networks.

The Lagos Green Line is expected to complement existing mass transit systems in the commercial hub, while the Kano and Kaduna rail schemes are projected to boost passenger and freight movement across northern Nigeria, improving trade and economic activity.

In a related development, the Minister of Information and National Orientation, Mohammed Idris, announced the creation of a Presidential Task Force on Power Sector Reform, alongside key appointments aimed at strengthening governance in the electricity industry.

Idris said the Council approved the appointment of former Minister of Power, Lanre Babalola, as Special Adviser on Power to the President, to enhance coordination and policy oversight.

He disclosed that the President would chair the task force, with Babalola playing a central role in driving its activities.

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“The task force is part of renewed efforts by the administration to reposition the power sector as a critical driver of industrialisation and economic growth,” Idris said.

According to him, the decision followed the submission of a report by a presidential committee set up on March 4 to review the commercial and institutional framework for the proposed Grid Asset Management Company (GAMCO).

He noted that the task force brings together key stakeholders, including the Ministers of Finance, Power, Industry, Trade and Investment, Information, and the Attorney-General of the Federation, alongside regulators and representatives of electricity generation and distribution companies.

Idris said the body would focus on implementing far-reaching reforms to address structural bottlenecks in the sector, stressing that stable electricity supply remains central to Nigeria’s economic transformation.

He added that the government is committed to a comprehensive overhaul of the power sector to unlock industrial productivity and improve living standards.

The minister further disclosed that the FEC meeting was preceded by the swearing-in of a National Commissioner of the Independent National Electoral Commission (INEC) and four Permanent Secretaries.

He said President Tinubu administered the oath of office on retired Rear Admiral K. M. Marafa as INEC National Commissioner following her confirmation by the National Assembly.

Idris added that the Council deliberated on a 32-point agenda, reflecting what he described as the administration’s broad reform focus across critical sectors of the economy.

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Tinubu Fires Back at Critics: Exploiting Insecurity Won’t Stop My Second Term

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…directs action against sponsors of violence, backs Plateau peace committee

President Bola Ahmed Tinubu on Tuesday night declared that attempts by his political opponents to exploit insecurity to force him out of office would fail, insisting that he would not only remain in office but also seek a second term.

Speaking at the State House, Abuja, while receiving stakeholders from Plateau State, led by Governor Caleb Mutfwang, the President described himself as resolute in the face of political pressure.

“You are playing to the hand of agents, including my own enemies, who want to use insecurity to get rid of me. But I’m a very stubborn politician. I just refuse to go. And I will campaign for my second term,” Tinubu said.

The President warned that the Federal Government would move decisively against individuals found to be instigating or financing violence across the country, stressing that credible intelligence would be acted upon without delay.

“If you identify and you know the name of troublemakers, agents provocateur, who want to continue killing or instigate killing, let us know. We will use the instrument of office to deal with them,” he said.

Tinubu emphasised that security agencies stand ready to confront such threats once actionable information is provided, noting that the recurring cycle of violence must end.

In a move to strengthen peace efforts in Plateau State, the President also endorsed a newly constituted peace committee comprising former governors of the state, charging them to work collectively toward lasting solutions.

He directed the committee to review existing white papers on past conflicts and harmonise recommendations for implementation.

“Call one another. Ignore the Governor’s Committee if you have to, or incorporate them. Take that white paper, go through it among yourselves and agree to implement it.

“If the ones you have chosen before now are not working, you have to mix and amend membership. Forget those committees you mentioned to me, if it’s not working, it’s not working. Consider this group as the committee until we find a lasting solution,” the President said.

 

 

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Reps Give Nod to Tinubu’s $516.33m Loan Request for Sokoto-Badagry Highway

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The House of Representatives on Tuesday approved President Bola Tinubu’s request to secure a $516.33m loan from Deutsche Bank to finance Section I of the ambitious Sokoto-Badagry Superhighway project, a key infrastructure initiative under the administration’s Renewed Hope Agenda.

The approval followed the consideration of the President’s request by the Committee of Supply during plenary presided over by Speaker Tajudeen Abbas.

In a letter read on the floor of the Green Chamber, Tinubu described the Sokoto-Badagry Superhighway as a transformative national project aimed at connecting Nigeria’s far northwest to its southwestern coastline through an approximately 1,000-kilometre dual carriageway stretching from Illela in Sokoto State to Badagry in Lagos State.

The corridor is expected to pass through Sokoto, Kebbi, Niger, Kwara, Oyo, Ogun, and Lagos states, opening up major agricultural, commercial and industrial hubs across the country.

According to the President, the project was designed to stimulate economic growth by significantly improving the movement of goods and people across Nigeria’s northern and southern regions.

He said the highway will “improve north-south connectivity, safety and network performance on the corridor; reduce logistics costs and travel times by providing a continuous high-capacity expressway standard link to downstream markets and strengthen trade facilitation, food security and national cohesion through improved access between production zones, markets and ports.”

Tinubu further noted that the road project would “safeguard long-term intermodal flexibility by reserving the central median for future rail integration and accommodating utility corridors.”

The President explained that the funding arrangement involves a $516.33m facility from Deutsche Bank, backed by partial guarantee cover from the insurance arm of the Islamic Development Bank, while the Federal Government will provide counterpart funding of N265.54bn.

The counterpart contribution, he said, would cover land acquisition, compensation payments, and complementary infrastructure requirements.

Tinubu urged lawmakers to expedite legislative approval of the borrowing request in view of the strategic importance of the project to national development.

The Sokoto-Badagry Superhighway was conceived as one of Nigeria’s most expansive road infrastructure projects, intended to serve as an economic backbone linking the resource-rich northern corridor with major export gateways in the south.

Beyond easing transportation challenges, the superhighway is expected to boost agricultural supply chains, enhance regional trade, improve access to seaports, and attract investments in manufacturing, logistics and real estate along its route.

The project also aligns with broader government plans to modernise transport infrastructure and strengthen Nigeria’s competitiveness under the African Continental Free Trade Area framework.

Presenting the report of the House Committee on Aids, Loans and Debt Management, Abdullahi El-Rasheed, who represented the committee chairman, Abubakar Nalaraba, urged lawmakers to support the loan request, citing the project’s strategic economic value.

He said the highway would serve as a critical driver of development and improve long-term economic productivity.

Following deliberations, the House approved the borrowing request at plenary, paving the way for the commencement of the project’s first section.

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