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Wednesday 15 November 2017

Court freezes N350million belonging to Patience Jonathan

A federal High Court, Lagos, has granted an order temporarily
freezing N350 million belonging to AM-PM Global Network Limited, alleged to have been secretly hidden in an account with Stanbic-IBTC Bank by former First Lady, Patience Jonathan.
Justice Hadiza Rabiu-Shagari ordered the temporary freezing of the account following an ex-parte application filed by the Economic and Financial Crimes Commission (EFCC) and argued by its 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.
Source Guardian Newspaper.

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