Thursday, September 15, 2016

Four companies linked to Patience Jonathan’s $15m plead guilty to money laundering charges

Four companies charged alongside a former Special Adviser to ex-President Goodluck Jonathan, on Domestic Affairs, Waripamo Dudafa, with charges bordering on money laundering, on Thursday, pleaded guilty before a Lagos Federal High Court.
The four companies, 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 were arraigned by the Economic and Financial Crimes Commission, EFCC, for charges bordering on money laundering.

At the hearing of the matter, all four companies pleaded guilty to conspiring with the former President’s aide and two others to launder the sum of $15, 591,700.

Recall that the anti-graft agency had recently seized the sum of $15.6m found in a Sky Bank account which was linked to the four companies.

The seized sum was, however, claimed by the wife of the former President, Mrs Patience Jonathan.

Mrs Jonathan had explained that the seized sum was meant for her hospital bills abroad.

Details later…

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