Federal High Court sitting in Lagos has ordered frozen multiple banks account operated former first lady, Mrs. Patience Jonathan.
The Court presided over by Justice Mojisola Olatoregun gave the order following application for an interim injunction to that effect by the Economic and Financial Crimes Commission.
The accounts were frozen on the ground that it contains suspected proceeds of crime.
The accounts, opened in the names of companies and an individual, had a cumulative balance of N7,418,829,290.94 (N7.4bn) and $429,381.87.
The EFCC had in an affidavit deposed to by one of its operatives, Mr. Abdulahi Tukur, told the judge that suspected proceeds of crime were retained in the accounts and urged the judge to urgently froze the accounts pending the conclusion of its investigations.
The account, domiciled with Skye Bank Plc, has a balance of $5,316.66.
Also affected by the order are five companies and one Esther Obafo.
The companies collectively have balances totaling N7,418,829,290.94 (seven billion four hundred and eighteen million eight hundred and twenty nine thousand two hundred and ninety naira ninety four kobo) in six commercial banks, while Esther Obafo has a balance of $429,381.87.
© Copyright 2016 www.elombah.com; send eyewitness accounts/reports/articles to publisher@elombah.com; follow us on twitter handle @Elombah; like our Facebook page: “Elombah.com”
