Former first lady Patience Jonathan on Tuesday appealed the forfeiture of her N12.2billion to the federal government.
She is praying the Court of Appeal in Lagos to set aside the judgment of Justice Mojisola Olatoregun of the Federal High Court in Lagos.
Jonathan, through her counsel Mike Ozekhome (SAN), said the judge erred in law by ordering the final forfeiture when she had no jurisdiction to do so.
Justice Olatoregun had on Monday ruled on an application by the Economic and Financial Crimes Commission (EFCC) praying her to order the forfeiture of $8.4million (about N3.030billion) and N9.2billion found in her companies’ accounts.
She held that the funds were proceeds of unlawful activities.
CRR increment to 27.5% balances the odds to rising inflation, says experts
Lagos ports congestion: NPA orders diversion of ships to eastern ports
CBN increases banks' Cash Reserves Ratio to 27.5%
FG suspends salaries of tertiary institutions’ workers not on IPPIS
FG to borrow N2tn from N10tn pension fund
Oil prices rise despite impact of China virus on fuel demand haunting the market
Cabotage fund hits N72.4bn as FG sets up disbursement c'ttee
Futures point to lower on worsening China virus concerns, mixed earnings
Lagos, Rivers, A’Ibom, Delta, C’River top states’ indebtedness list
Refineries posted N123.3bn loss in 10 months – NNPC
Frontpage September 26, 2019
Frontpage January 13, 2020