$5.8m Court Verdict: EFCC withdraws appeal against Patience Jonathan
The Economic and Financial Crimes Commission (EFCC) has withdrawn the
application for stay of execution and notice of appeal it filed against
the Federal High Court, Lagos reopening the frozen bank account of
former First Lady, Mrs Patience Ibifaka Jonathan.
The court had blocked Mrs Jonathan’s access to the account with Skye Bank Plc, where she kept $5. 842 million.
Justice Mojisola Olatoregun had on April 6, 2017, ordered that the
account be reopened following the court’s agreement with her counsel,
Chief Ifedayo Adedipe (SAN), that the EFCC erred in joining his client
in a suit that she was not a party.
But, not satisfied with the order, the EFCC filed an application for
stay of execution of the ruling and a notice of appeal challenging the
judgement.
The two applications, according to EFCC counsel, Mr Rotimi Oyedepo, were dated April 6 and filed on April 7, 2016.
However, at the resumed hearing of the matter on Tuesday, Oyedepo told
Justice Olatoregun of his agency’s intention to discontinue the two
applications.
He, however, did not give any reason for the action.
Upon the withdrawal of the two applications, Adedipe confirmed the
service of the application for withdrawal on the defendants.
Adedipe also informed the court of his intention to withdraw Form 48
(notice of committal to prison) and Form 49 (committal to prison),
which he filed against the Skye Bank Plc in anticipation that it failed
to obey the order unfreezing Mrs Jonathan’s account.
Upon the submissions of both counsels, Justice Olatoregun granted the
withdrawal of both the EFCC’s applications and Patience Jonathan’s Form
48 and Form 49.
Based on an application filed last year before the court by the EFCC,
Justice Olatoregun ordered that the account of the former First lady
with the sum of $5.842 million and domiciled with Skye Bank Plc, be
frozen on the ground that the money was suspected to be proceeds of
crime.
Also affected by the order were five companies that were having a total
of N7.418 billion. The companies were Finchley Top Homes Limited,
Aribawa Aruera, Magel Resort Limited, AM-PM Global Network Limited,
Pansy Oil and Gas Limited.
There was also an account belonging to one Esther Oba with the sum of $429,381. 87.
The order of the court freezing the account was sequel to an affidavit
in support of ex-parte originating summons sworn to by Abdullahi Tukur,
an investigating officer of the EFCC and filed before the court by
Oyedepo.-The Authority
No comments