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Patience Jonathan About To Loose Real Estate Investments

Lagos Home & Property Festival

The former first lady, Patience Jonathan, may soon lose some of her invaluable properties to the Economic and Financial Crimes Commission (EFCC). This is due to her recent suspected fraud with EFCC. Most Nigerians believe in the Real Estate Market, even the politicians. The real estate market is a good market to buyers and sellers. Yet, confiscation of these assets will not be profitable to the former first lady as the real estate market is meant to be. The news of the property confiscation is was release two days ago, as follows:

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– The Economic and Financial Crimes Commission (EFCC) has begun moves to seize properties belonging to former First Lady, Patience Jonathan

– EFCC is intensifying moves to gather evidence against the former first lady for a possible prosecution

– The commission says a team of detectives have been saddled with the responsibility of identifying houses and property owned by the former first lady

READ ALSO: Will You Buy a House with a Maid’s Room?

There are indications that the Economic and Financial Crimes Commission (EFCC) has begun moves to seize properties belonging to former First Lady, Patience Jonathan, The Punch reports.

Reports emerged on Friday, October 28, that the EFCC was intensifying moves to gather evidence against the former First Lady for a possible prosecution, following the freezing of $20m traced to her.

A source said the commission has added that a team of detectives has been saddled with the responsibility of identifying houses and property owned by the former first lady. The operatives had been instructed from the office of the commission’s chairman to mark such houses.

The operatives are focusing attention on properties in Lagos, Abuja, Yenagoa and Port Harcourt.

The source said: “It would not be correct to conclude that the commission has halted the investigation into the activities of the former First Lady. The investigation is progressing and it is being handled by the office of the chairman of the commission.

“A team of operatives has been assembled to identify all her properties in the country with a focus on Abuja, Port Harcourt and Yenagoa.

“The responsibility of the team is to mark all such properties in preparation for a possible court action.”

READ ALSO: Buy A Property, Pay In 48 Months Without a Mortgage

Meanwhile, the former first lady has demanded that the EFCC pay her $200million for infringing on her rights when it froze the $15m in her account.

Patience made the claims through her lawyer Granville Abibo at a Federal High Court in Lagos on Wednesday, October 26.

Last month the anti-graft commission had traced $5m to the personal account of the former First Lady and frozen the account.

My major concern about all these is the continuous struggle between the EFCC and the Nigerians politician. For a long time, we have not been able to witness cases with positive conclusions, it’s either the case dies or remains unattended to. This time Nigerians are crosing their arms and watching the next step by the EFCC.

As it is my culture, I am neither anti Patience nor anti-EFCC. And if Madam Jonathan finds real estate as a good business to invest in, then she is a wise investor because it is really a good enterprise.

You can also invest in the real estate industry today, buy a property. visit  www.tolet.com.ng to do so.

Source: NAIJ.COM

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Aderinsola Jolaosho

I love writing, talking and meeting people. I can be a talkative at times.

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