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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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Opeifa Defends Rail Reforms, Unveils Nationwide Expansion Roadmap

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Opeifa maintained that derailments are not peculiar to Nigeria, noting that such incidents occur across advanced rail systems globally.

“Derailments are regular occurrences in the rail sector worldwide. In February alone, there were incidents in countries like Britain and others. Around the same time we experienced one, there were multiple derailments across the world,” he said.

He disclosed that in 2025, Nigeria recorded three major derailments:
• August 26 at Asham in Kaduna State
• November 1 at Abraka on the Warri–Itakpe line
• November 8 at Agbor on the same corridor

He said the NRC responded swiftly, restoring services within 24 hours in one case, while others were resolved within 21 and 28 days respectively.

Opeifa stressed that derailments can result from factors such as weather conditions, signal glitches, human error, speeding, or aging infrastructure, but noted that in Nigeria’s recent cases, there were no fatalities.

“These incidents are preventable and efforts are ongoing to minimize them. However, they should not be seen as major setbacks to the overall progress of the railway system,” he said.

On Allegations of Mismanagement

Addressing allegations of financial mismanagement within the corporation, Opeifa declined detailed comments, citing ongoing legal processes.

“When a matter is in court, it is sub judice. Allegations of corruption or mismanagement should be handled by the appropriate authorities,” he stated.

He reiterated that his priority is to reposition the NRC in line with global best practices and ensure efficient rail services for Nigerians.

Expansion, Upgrades and National Connectivity

The NRC boss said efforts are underway to restore damaged coaches and upgrade infrastructure using local engineers and technicians.

“We are bringing back the lines and retrofitting coaches. The Warri–Itakpe line is operational. The Abuja–Kaduna line is running, and we are increasing trips from two to three,” he said.

On long-term plans, Opeifa disclosed that the NRC roadmap envisions rail connectivity across major cities nationwide, subject to funding and phased execution.

He dismissed claims of abandoned projects, explaining that rail developments are capital-intensive and implemented in phases based on available resources.

He cited progress on the Lagos–Ibadan corridor—part of the larger Lagos–Kano project—as well as ongoing work on the Kano–Maradi line linking key northern cities.

Lagos–South-East, Port Connections in View

Opeifa also highlighted plans to expand connectivity between southern ports and inland cities. These include proposed links from Warri to Abuja and from Lekki Deep Sea Port to Kajola, Benin, Onitsha, and Aba, enabling both passenger and cargo movement.

Toward Modern Signaling and Faster Trains

On modernization, he said Nigeria is gradually upgrading from older narrow-gauge systems to standard-gauge infrastructure with improved signaling technology.

He noted that metro rail projects in Kaduna, Kano, and Lagos are being developed with higher signaling standards, positioning the country for faster and more efficient train services in the coming years.

“We are not yet at the highest global level, but we are moving steadily upward,” Opeifa said.

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Ticket Reform Boosts Confidence in Lagos–Ibadan Rail Service, Says Opeifa

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A quiet transformation is reshaping the daily commute between Nigeria’s commercial hub and the historic city of Ibadan. Passengers on the Lagos–Ibadan standard gauge corridor say services have become more efficient and predictable following a clampdown on ticket racketeering led by Kayode Opeifa

The renewed confidence in the rail line linking Lagos and  is influencing residential and employment decisions among middle-income earners who once considered daily intercity commuting unrealistic.

“It is now possible to live in Ibadan and work in Lagos without the daily anxiety of securing a ticket,” said Adewale Bamidele, a financial analyst who travels three times a week. “Before, you needed connections. Now, you book, you board, you arrive.”

A Line Once Hindered by Middlemen

The Lagos–Ibadan railway, inaugurated as a flagship infrastructure project under the administration of former President Buhari was designed to ease pressure on the congested Lagos–Ibadan Expressway and deepen economic integration across the South-West.

However, in its early phases, passengers frequently complained of informal ticket rackets. Allegations included bulk-buying by intermediaries and artificial scarcity that forced travellers to pay inflated prices for seats on high-demand trains.

Industry observers say such practices undermined the railway’s credibility as a mass transit solution. “Transport systems thrive on predictability and fairness,” said a transport economist “Once access is perceived as compromised, commuters revert to road transport despite the risks and delays.”

Enforcement and Digitisation

Since assuming oversight responsibilities within the sector, Opeifa has reportedly intensified internal monitoring and strengthened digital ticketing protocols. Railway officials, speaking on condition of anonymity, said stricter verification processes and disciplinary measures against errant staff have curtailed unauthorised ticket sales.

Although the Nigerian Railway Corporation has not released detailed enforcement data, anecdotal evidence from regular commuters points to shorter queues, smoother boarding procedures and fewer last-minute cancellations.

For professionals with flexible work schedules, the improvement has been significant. The average journey time of about two to three hours—depending on the service type—now compares favourably with unpredictable road travel, which can take considerably longer during peak traffic.

Changing Urban Dynamics

Property agents in Ibadan report a modest rise in enquiries from Lagos-based workers seeking more affordable housing. Rents in many parts of Ibadan remain significantly lower than comparable neighbourhoods in Lagos, offering relief to households grappling with inflationary pressures.

“Rail reliability changes everything,” said Funke Adebayo, a real estate consultant in Ibadan. “When people trust the timetable, they are more willing to relocate.”

Economists caution, however, that long-term success will depend on consistent maintenance, adequate security along the corridor and transparent ticketing systems. Any return to informal practices could quickly erode recent gains.

The Lagos–Ibadan corridor is widely regarded as a litmus test for Nigeria’s broader rail ambitions. With additional standard gauge projects planned or underway nationwide, policymakers face mounting pressure to ensure that infrastructure investments translate into reliable public service delivery.

For now, passengers remain cautiously optimistic.

“It feels more organised,” Bamidele said while disembarking at Mobolaji Johnson Station in Lagos. “If this standard is sustained, rail can genuinely compete with road transport.”

Nigeria agree, the real challenge lies not just in laying tracks, but in sustaining public trust.

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Breaking : Finance Ministry Shake-Up: Tinubu Nominates Oyedele, Says Onanuga

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President Bola Tinubu has nominated the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Dr. Taiwo Oyedele, as the Minister of State for Finance.

Oyedele replaces Dr. Doris Anite-Uzoka, who has been redeployed to the Ministry of Budget and National Planning as Minister of State, her third portfolio in the administration.

The President on Tuesday conveyed Oyedele’s nomination to the Senate for confirmation in a letter to the Senate President, Godswill Akpabio, according to a statement by his Special Adviser on Information and Strategy, Bayo Onanuga, on Tuesday.

Until Tinubu nominated him as a minister, Oyedele from Ikaram, Akoko, Ondo State, was the chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, which overhauled Nigeria’s tax system.

The 50-year-old is an economist, accountant, and public policy expert who led the comprehensive overhaul of Nigeria’s tax system through the Presidential Committee on Fiscal Policy and Tax Reforms.

The committee, inaugurated in August 2023, delivered four executive bills that consolidated over 60 taxes into fewer than 10 statutes and introduced significant reforms, including zero income tax for Nigerians earning N800,000 annually or less.

The Tax Reform Acts, which became effective on January 1, 2026, also exempted small businesses with turnover below N50m from company income tax, capital gains tax, and development levy.

Other provisions include a 50 per cent tax deduction for companies hiring new workers for three years, a 50 per cent deduction for wage increases to the lowest-paid employees, and a five-year corporate tax holiday for agricultural enterprises.

Oyedele attended Yaba College of Technology, where he obtained a Higher National Diploma in Accountancy and Finance, before proceeding to Oxford Brookes University for a BSc in Applied Accounting.

He also completed executive education programmes at the London School of Economics, Yale University, the Gordon Institute of Business Science, and the Harvard Kennedy School.

Oyedele spent 22 years at PricewaterhouseCoopers, joining in 2001 and rising to become the Fiscal Policy Partner and Africa Tax Leader before his appointment to head the tax reform committee.

He is currently a professor at Babcock University in Ogun State and a visiting scholar at the Lagos Business School.

As Minister of State for Finance, Oyedele is expected to oversee the implementation of the tax reforms he championed, particularly as the government seeks to improve revenue generation and deepen economic reforms.

Anite-Uzoka, who is being redeployed to the Ministry of Budget and National Planning, previously served as Minister of State for Industry, Trade and Investment before her appointment as Minister of State for Finance.

The Senate is expected to screen and confirm Oyedele’s nomination in the coming weeks, following which he will be sworn in to assume his ministerial duties.

The Finance Ministry, currently led by Wale Edun as substantive minister, oversees fiscal policy, revenue mobilisation, debt management, and economic planning.

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