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Magel resort: Court orders forfeiture of N1.04bn left in a Bank

Court upholds seizure of N2.4bn linked to Mrs Patience Jonathan

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Justice Lewis Allagoa of a Federal High Court in Kano has ordered the final forfeiture of N1.04billion naira allegedly abandoned in the account credited to one Magel resort limited linked to Patience Jonathan

According to a report by the Economic and Financial Crimes Commission (EFCC), the forfeiture was as a result of a motion exparte filed by the Commission seeking for the interim forfeiture of the sum of N1,000,494,000 (One Billion Four and Ninety Four Thousand Naira) only found hidden away in the bank account of Magel resort limited a company linked to the former first lady of Nigeria, Patience Jonathan.

The court further ordered that the forfeited sum from Magel resort limited be deposited in the Treasury Single Account of the Federal Government.

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