Unfreeze Patience Jonathan's account immediately, Senate tells banks *We'll comply - officials

By Editor on 19/10/2017

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Dame Jonathan

Like their counterparts in the House of Representatives, the Senate has also directed commercial banks to unfreeze accounts belonging to former First Lady Patience Jonathan.

The accounts, domiciled with Zenith Bank, Stanbic IBTC and others, were said to have been frozen on the orders of the Economic and Financial Crimes Commission (EFCC).

The Senators, at a hearing by the committee on Ethics, Privileges and Public Petitions, declared that the accounts in question were not encumbered by any legal processes and as such be unfrozen without delay.

Chairman of the committee, Senator Samuel Anyanwu, observed that some of the accounts were frozen based on certain administrative lapses.

The lawmakers described the methods used in freezing the accounts as arbitrary, insisting that the EFCC failed to comply with due process in closing the accounts.

Officials of the banks who appeared before the Senate panel, however said the court order vacating the freezing of the said accounts had not been received by them.

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They however promised to reopen the accounts, based on the information made available by the senators.

The committee members expressed worry that the banks could freeze accounts based on letters received from the EFCC without valid court orders.

 

 

Source The Nation

Posted on October, 19 2017

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