A Federal High Court sitting in Lagos State has convicted the four companies that laundered monies for Patience Jonathan.
The companies are Pluto Property and Investment Company Limited; Seagate Property Development & Investment Co. Limited; Trans Ocean Property and Investment Company Limited and Avalon Global Property Development Company Limited.
All four companies are directly connected to wife of ex-President Goodluck Jonathan.
Recall that The Economic and Financial Crimes Commission found $15 million dollars in the company’s account.
EFCC then froze it and probed the source of the funds. Patience Jonathan openly claimed the money belonged to her.
Patience Jonathan then sued EFCC and Skye Bank for freezing her account.
On Thursday, Justice Babs Kuewumi convicted the four companies of laundering the $15.5m.
Based on the guilty plea of the companies, the EFCC prosecutor, Mr. Rotimi Oyedepo, told the court how the money was laundered.
Oyedepo “EFCC received intelligence report showing vividly that the fourth to seventh defendants retained proceeds of crime.
“Our investigations showed that Fetus Iyoha admitted receiving the fund from the first defendant (Dudafa).
“He admitted that funds credited into the accounts were given to him from the State House.”
Justice Kuewumi admitted the accounts statements in evidence.
He also admitted their mandate cards, certificates of incorporation and statements made to the EFCC by the companies’ representatives.
While convicting the companies of money laundering, the judge said he was satisfied that the EFCC had proven its case beyond reasonable doubt.
Oyedepo then urged the court to order the forfeiture of the money to the Federal Government.
But the judge declined the application, saying he would reserve decision on the money till the end of the case.
He noted that there was still Patience Jonathan’s suit, where she is claiming ownership of the money.
He subsequently adjourned till December 14 for the trial of Dudafa, Briggs and Bolodeoku.