Nigeria court unfreezes mlns in ex-first lady's fraud probe

Image
AFP Lagos
Last Updated : Apr 07 2017 | 12:32 AM IST
A judge in Lagos today ordered Nigeria's anti-graft agency to release one of several bank accounts frozen as part of an inquiry into the wife of former president Goodluck Jonathan.
Patience Jonathan had filed a complaint against the Economic and Financial Crimes Commission (EFCC) in September, claiming that she is the rightful owner of USD 15.6 million held in several accounts.
The accounts were frozen last July as part of a money laundering and forgery investigation of some of the president's former advisers, as well top officials at four companies.
They are suspected of laundering millions of dollars from public institutions.
But Justice Mojisola Olatoregun said the EFCC had committed an "abuse of process" with regards to one account in which Patience Goodluck is listed as the holder, which held USD 5.8 million.
The other accounts, which she claims are hers but are held by associates, are not affected by the ruling.
President Muhammadu Buhari, who was elected in 2015, has vowed to stamp out the graft that plagues the oil-rich country.
But critics have accused the ex-military ruler of orchestrating a witch-hunt against former officials of Goodluck's party.
Yesterday, Buhari was dealt a setback after one of Nigeria's leading judges was cleared of 18 corruption charges, with a judge calling the accusations "highly speculative.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 07 2017 | 12:32 AM IST

Next Story