Senate Committee on Ethics instructs EFCC to unfreeze Patience Jonathan’s accounts

Yesterday, the Senate Committee on Ethics, Privileges and Public Petitions instructed Stanbic IBTC Bank and Zenith Bank to unfreeze two ...

Senate Committee on Ethics instructs EFCC to unfreeze Patience Jonathan’s accounts
Yesterday, the Senate Committee on Ethics, Privileges and Public Petitions instructed Stanbic IBTC Bank and Zenith Bank to unfreeze two accounts linked to the former first lady, Patience Jonathan. 


Members of the panel took turns to condemn the Economic and Financial Crimes Commission for the continued freezing of the accounts by the banks when there was a court order vacating the freezing order and faulted the EFCC for notifying banks on court judgments freezing accounts domiciled in the financial institutions but allegedly refusing to write the banks when the freezing order had been vacated, but later served them with notice of appeal.  

Patience had petitioned the Senate through her lawyer, Charles Ogboli (SAN), protesting against the freezing of her accounts in seven banks without court orders. Several members of the committee queried the powers of the EFCC to serve court orders on banks, when the anti-graft agency was not part of the judiciary.  

According to them, the banks were “afraid” of the EFCC, which was the reason why they kept flagging the accounts based on letters from the commission.  “The EFCC cannot take someone to court, and then be the one to serve the bank. The EFCC is not the judiciary, the judiciary is separate. That is why there are people engaged as court bailiffs,” a member of the panel, Senator Obinna Ogba, said.  

He added, “Mr. Chairman, I think you need to give a definite instruction for them to open that account now because this bank has no business freezing that account.”  Ogba also accused the banks of taking advantage of such orders to trade with customers’ frozen funds.  

The Chairman of the Committee, Senator Sam Anyanwu, also faulted the process, saying, “The court bailiff should be the one to serve the court order and the bank should sign for it. It looks as if they (banks) are taking the advantage. The money is available to you (banks) and you are trading with it.”

COMMENTS

Name

business news,1,campuslife,9,court,2,crime,95,editorial,1,Education,12,entertainment,102,featured,2,Features,6,gist,1,Health,5,Interview,7,METRO PLUS,1,news,800,opinion,10,photo,4,Photo news,81,politcs,8,politics,309,Sport,2,sports,35,video,4,worldnews,46,
ltr
item
GT News: Senate Committee on Ethics instructs EFCC to unfreeze Patience Jonathan’s accounts
Senate Committee on Ethics instructs EFCC to unfreeze Patience Jonathan’s accounts
https://1.bp.blogspot.com/-KmvYJgTwfhU/WeiTqzXarZI/AAAAAAAACr4/2YL1nmw_-GAOin28on2zof8LmNRcyziPQCLcBGAs/s320/Patience%2BJonathan.PNG
https://1.bp.blogspot.com/-KmvYJgTwfhU/WeiTqzXarZI/AAAAAAAACr4/2YL1nmw_-GAOin28on2zof8LmNRcyziPQCLcBGAs/s72-c/Patience%2BJonathan.PNG
GT News
https://www.gtblog.com.ng/2017/10/senate-committee-on-ethics-instructs.html
https://www.gtblog.com.ng/
https://www.gtblog.com.ng/
https://www.gtblog.com.ng/2017/10/senate-committee-on-ethics-instructs.html
true
7182459896266668631
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share. STEP 2: Click the link you shared to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy