A Federal High Court in Lagos yesterday convicted four companies allegedly used in siphoning the $15.5m, which former first lady, Patience Jonathan, said belonged to her.
The companies convicted found guilty are:
Pluto Property and Investment Development Company Limited, Seagate Property and Investment Development Company Limited, Transoceanic Property and Investment Development Company Limited, and Avalon Property and Investment Development Company Limited.
The companies had earlier pleaded guilty to money laundering charge when they were arraigned alongside a former aide to ex-president Goodluck Jonathan, Waripamo-owei Emmanuel Dudafa,, a lawyer, Amajuoyi Azubike Briggs, and Adedamola Bolodeoku, a senior Staff of Skye Bank Plc, on alleged $15.591, 700 million.
Justice BabsKuewumi however declined to pronounce sentence on them, saying that will be determined at the conclusion of trial of other accused persons in the matter.
The matter has been adjourned till December 16, for continuation of trial of the three other accused persons.