Wife of former President Goodluck Jonathan, Patience has an option of explaining how $20m allegedly traced to her account came about, or forfeit the N10 billion hotel purportedly belonging to her.
Seems the anti-graft body suspects that the source of funding for the hotel, and the money in the bank may be proceeds of graft.
It was learnt that the Economic and Financial Crimes Commission (EFFC), will table this option before her as the commission continues investigation into the $20million found in five accounts she has laid claim to.
The hotel located in Yenagoa, known as Aridolf Resort Wellness and Spa, said to have been inaugurated by Patience in April 2015, just a month before her husband lost his second tenure bid to incumbent President Muhammadu Buhari.
A UK business newspaper, The Financial Times, had reported that the hotel, which boasts of imported state-of-the-art furniture, could match other world class hotels in developed countries.
“The Aridolf Hotel in Yenagoa is an unlikely monument to kitsch on a reclaimed swamp in Nigeria’s oil-producing Niger Delta. In the lobby, Louis XIV furniture is accompanied by bowls of plastic fruit, faux Dutch landscapes and a grotesquely gaudy chandelier. The hotel is redolent of the riches on display in a region that for half a century has generated the bulk of Nigeria’s wealth.
“The Aridolf, which is owned by Patience Jonathan, wife of the former President, is symptomatic of how superficial progress has been in addressing the festering sense of marginalisation in the region, which remains desperately impoverished despite benefiting from a tide of petrodollars in recent years,” The Financial Times report states in parts.
Patience had sued Skye Bank and the EFCC for freezing four company accounts which have a balance of $31.5 million.
The EFCC afterward disclosed that Patience still has another account with the title, ‘Patience Ibifaka Jonathan’ with balance of $5million
By Ebere Ndukwu …
RipplesNigeria …without borders, without fears
Join the conversation
Support Ripples Nigeria, hold up solutions journalism
Balanced, fearless journalism driven by data comes at huge financial costs.
As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.
If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.
Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.
INVESTIGATION: How roadside foods endanger consumers’ life with trans fat in northern Nigeria
With an estimated 854,000 deaths in Nigeria, and 3,229 attributed to trans fatty acids (TFA) -related cardiovascular deaths, ADESOLA IKULAJOLU visited Nigeria’s...
INVESTIGATION: Untold story of Ondo oil producing communities battling poor health system
Access to quality healthcare is one of the nightmares of communities in Ilaje local government area of Ondo State. Despite...
FEATURE: Ogun residents, waste collectors trade blames, as refuse litter environment
TIJANI ABDULKABEER, a journalist from the University of Ibadan, during a recent trip to Sango Otta, Ogun State took a look...
INVESTIGATION: How online fraudsters siphon victims’ funds through ‘SportyBet’ platform
As Nigeria transits into a cashless society, the evolution also creates opportunities for internet scammers to take advantage of unsuspecting...
SPECIAL REPORT: Enugu govt watches as waste takes over state, threatens public health, environment
In this report, Arinze Chijioke looks at how delays in evacuation of waste in Enugu State encourages indiscriminate waste disposal, its health implications, and how...