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.

Newspapers in English

Newspapers from Nigeria

© PressReader. All rights reserved.