You Must Explain How You Earned Billions Traced to Your Account - Prof. Sagay Blasts Patience Jonathan

 

The Chairman, Presidential Advisory Committee Against Corruption, Prof. Itse Sagay (SAN), has challenged Patience Jonathan to explain how she earned $5m traced to her accounts by the Economic and Financial Crimes Commission.

 

Punch reports that Sagay said if the former first lady is claiming that she owns the money then she must explain how she earned it. The discovery of the money has raised suspicion about what business deal the former president's wife must have done to earn her such a whopping amount.

 

Patience Jonathan had dragged the EFCC to court after alleging that the agency froze her four Skye Bank accounts which are in the name of four companies said to have a balance of $31.4m. 

 

Patience had claimed it was Waripamowe Dudafa, former Special Adviser on Domestic Affairs to ex-President Jonathan, now being investigated by the EFCC that her to open the four bank accounts which the EFCC froze.

 

The EFCC has as part of investigations into a money laundering case against a Waripamowei Dudafa frozen the account after tracing money suspected to have been laundered. The EFCC subsequently charged Dudafa and the four companies with money laundering.

 

The four companies, whose accounts have since been frozen, are Pluto Property and Investment Company Limited, Seagate Property Development and Investment Company Limited, Trans Ocean Property and Investment Company Limited and Globus Integrated Service Limited.

 

Reacting to the development, Sagay told Punch correspondents on the telephone that the Act establishing the EFCC gave the anti-graft agency the power to investigate anybody who is seen to have more wealth than he ought to have.

 

The senior advocate wondered how Patience, who was a civil servant and never held any government position, could have billions in her bank accounts.

 

He said, “The EFCC and ICPC Act have provisions under which they can ask the court to freeze the account of a person if a person’s capacity to earn is below the amount of money that the person appears to have.