Court Freezes N350m Linked to Patience Jonathan
A Federal High Court in Lagos yesterday ordered that N350 million belonging to AM-PM Global Network Limited, in Stanbic-IBTC bank, be placed on temporary attachment, pending an ongoing investigation by the EFCC reports the News Agency of Nigeria (NAN).
Justice Hadiza Rabiu-Shagari, made the order following an ex-parte application filed by the Economic and Financial Crimes Commission (EFCC).
The application was argued by EFCC’s lawyer, Rotimi Oyedepo, against the company.
In an affidavit deposed to by one Musbau Yahaya, the commission stated that between June 20, 2012 and Nov. 15, 2013, the respondent fraudulently received N1.2 billion into its Diamond Bank account.
He said that the sum was proceeds of an unlawful enrichment derived by Patience Jonathan, who was then a Permanent Secretary, appointed by the Bayelsa State Government.
The deponent also stated that in a bid to dissipate the fund, the respondent opened an account with Stanbic-IBTC Bank.
He said out of the alleged proceeds of unlawful enrichment of Mrs Jonathan, the respondent, transferred N350 million, from its Diamond Bank account to the account sought to be attached.
He added that there was a desperate bid to dissipate the funds.
The deponent further stated that the commission had traced the said N350 million to the respondent’s account, now sought to be attached.
He added that a court order is needed to instruct the bank to attach the account to prevent the dissipation of the funds.