Thursday, 8 June 2017

EFCC reportedly traces multi-billion Abuja asset to ex-First Lady

Another multi-billion naira property has been traced to a former First Lady, Mrs. Patience Jonathan.

The Economic and Financial Crimes Commission (EFCC) is to mark the property as “being under investigation” and may place it under Interim Asset Forfeiture, The Nation learnt yesterday.

The relationship between Mrs. Jonathan and two companies was being probed by detectives as at press time.


Also, three accounts and three more properties have been put under surveillance by the anti-graft commission in connection with the ongoing investigation of the ex-First Lady.

The three accounts belong to Aribawa Aruera Research Foundation; Finchley Top Homes Limited and AM-PM Network Limited.

The accounts were uncovered in the course of investigating the ex-First Lady and Aribawa Aruera Research Foundation, The Nation learnt from sources close to the investigation.. EFCC investigators have however only established a link between Mrs. Jonathan and Aribawa Aruera Research Foundation.

The anti-graft commission is suspecting a business relationship between Mrs. Jonathan and Finchley Top Homes Limited and AM-PM Network Limited.

Preliminary investigation revealed that huge slush funds might have been laundered through the foundation and the two firms.

A report indicated that Aruera Foundation is registered with the Corporate Affairs Commission (CAC) with RC No 22805.

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