15 November 2017
By Justice Nwafor
Following an ex parte application filed by the Economic and Financial Crimes Commission, EFCC, a Federal High Court sitting in Lagos has granted an order temporarily freezing N350 million belonging to AM-PM Global Network Limited.
The fund is alleged to have been secretly hidden in an account with Stanbic-IBTC Bank by the former First Lady, Patience Jonathan.
Justice Hadiza Rabiu-Shagari ordered the temporary freezing of the account after listening to argument of the EFCC counsel, Mr. Rotimi Oyedepo.
In a nine-paragraph affidavit attached to the ex-parte application and sworn to by an operative of the EFCC, Mr. Musbau Yahaya, the commission said it sometimes ago received a damning intelligence report concerning the funds.
It further averred that upon investigation it was found out that the bank was in possession of proceeds of unlawful act and retained same in the account sought to be attached.
The commission stated that between June 20, 2012 and November 15, 2013, the respondent (AM-PM Global Network Limited), fraudulently received N 1,206,950 billion into its Diamond Bank account number 0026718889, being proceeds of unlawful enrichment derived by Patience Jonathan, who was then appointed Permanent Secretary by the Bayelsa State Government.
Yahaya also swore that in a bid to dissipate the fund, the respondent opened account number 0016971559 with Stanbic-IBTC Bank at Walter Carrington Crescent, Victoria Island branch.
He also averred that out of N1,206,950 billion, AM-PM Global Network Limited transferred N350 million from its Diamond Bank’ s account to the account sought to be attached in Stanbic IBTC in a desperate bid to dissipate the funds.
Justice Rabiu-Shagari after listening to the submissions made by the EFCC counsel, ordered the Manager of Stanbic-IBTC Bank, Walter Carrington Crescent branch, to in the interim freeze the N350 million belonging to AM-PM Global Network Limited kept in the bank.