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Reading: Unfrozen $5.9m: EFCC Stops Patience Jonathan From Withdrawing Money at Skye Bank
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© OKN MEDIA PUBLISHING 2022 - All rights reserved
News

Unfrozen $5.9m: EFCC Stops Patience Jonathan From Withdrawing Money at Skye Bank

Farouk Mohammed
By Farouk Mohammed
Published: April 11, 2017
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Former Nigerian First Lady, Patience Jonathan, on Monday visited the Maitama branch of the Skye Bank in Abuja to withdraw part of her $5.9million recently unfrozen by a Lagos High Court. But she met a brickwall.


 

The Economic and Financial Crimes Commission had procured a stay-of-execution of the judgement and also simultaneously filed an appeal against the judgment given last week on 6 April by Justice Mojisola Olatoregun,

News spread quickly that she visited the bank on Monday, following another visit on Friday 7 April. Unconfirmed reports said that she wanted to withdraw as much as $1million, but was given $100,000 by the bank.

She returned at 10:00 a.m. and had a closed-door meeting with an Executive Director of the bank.

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She finally left the bank at 4:05 p.m. but declined to speak to newsmen who sought to know why she was there. One of her aides, who declined to disclose his name, told newsmen that “everything was okay”.

A Federal High Court in Lagos, on Thursday vacated its order which in 2016 froze the Skye Bank account of the ex-first lady. The account had a balance of $5.9 million dollars at the period.

Justice Mojisola Olatoregun, set aside the ‘No-Debit Order’ which the Economic and Financial Crimes Commission earlier placed on the account on allegations that the money found in it was a proceed of crime.

Patience Jonathan’s lawyer, Mr Ifedayo Adedipe (SAN), had urged the court to unfreeze Jonathan’s account on the grounds that she was not a party in the suit leading to the freezing order.

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Citing judicial authorities, Adedipe contended that the suit was an abuse of court process as the court had no Jurisdiction to make an order against one who is not a party in a suit filed before the court. The EFCC did not file a response against Adedipe’s suit.

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TAGGED:EFCCPatience JonathanSkye Bank
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ByFarouk Mohammed
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Farouk Mohammed is a Head Editor at Okay Nigeria (Okay.ng). He has been publishing for 10 years and focused more on Local/World News on Okay.ng
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