Thursday, 15 September 2016

Breaking News: Companies plead guilty to laundering “Patience Jonathan’s $15m


The four companies pleaded guilty to conspiring with Dudafa and the two others to launder a sum of  $15, 591,700 before a Federal High Court in Lagos on Thursday.

The companies are Pluto Property and Investment Company Limited; Seagate Property Development & Investment Co. Limited; Trans Ocean Property and Investment Company Limited and Development Company Limited and Avalon Global Property Development Company Limited.

The Economic and Financial Crimes Commission had since frozen the $15.6m found in the four companies’ accounts in Skye Bank.

But wife of ex-President Jonathan, Patience, has sued the EFCC and Skye Bank, laying claims to the money.

PUNCH

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