Patience Jonathan may forfeit N10bn hotel to FG | Independent Newspapers Limited
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Patience Jonathan may forfeit N10bn hotel to FG

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Posted: Sep 13, 2016 at 1:10 pm   /   by   /   comments (0)

Patience Jonathan, the wife of former President Goodluck Jonathan, may forfeit to the Federal Government, a N10bn hotel allegedly belonging to her if she fails to explain how she came about some funds allegedly traced to her accounts.

“This is one of the questions she may have to answer as the Economic and Financial Crimes Commission continues investigation into the $20m found in five accounts she has laid claim to,” a source told our correspondent on Monday.

The hotel, which is known as Aridolf Resort Wellness and Spa, Yenagoa, was inaugurated by Patience in April 2015, barely a month before the end of her husband’s tenure.

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According to a UK business newspaper, The Financial Times, the hotel, which has imported state-of-the-art furniture, can compete with other luxury hotels in developed countries.

The report dated April 21, 2015, states in part, “The Aridolf Hotel in Yenagoa is an unlikely monument to kitsch on a reclaimed swamp in Nigeria’s oil-producing Niger Delta. In the lobby, Louis XIV furniture is accompanied by bowls of plastic fruit, faux Dutch landscapes and a grotesquely gaudy chandelier. The hotel is redolent of the riches on display in a region that for half a century has generated the bulk of Nigeria’s wealth.

“The Aridolf, which is owned by Patience Jonathan, wife of the former President, is symptomatic of how superficial progress has been in addressing the festering sense of marginalisation in the region, which remains desperately impoverished despite benefiting from a tide of petrodollars in recent years.”

The Chairman, Presidential Advisory Committee Against Corruption, Prof. Itse Sagay said that the EFCC had the right to investigate anybody who was living above his or her means.

He said anybody, who failed to do so, could risk forfeiture of properties believed to have been obtained through stolen funds or could lose funds traced to him or her.