HighlightTop Story

Reps order banks to unfreeze Patience Jonathan’s bank accounts

948


[dropcap]T[/dropcap]he House of Representatives ordered six commercial banks to unblock the accounts of former first lady, Patience Jonathan.

The Committee on Public Petitions chaired by Uzoma Nkem-Abonta (Abia-PDP), gave the order on Tuesday in Abuja at a hearing on a petition by Mrs. Jonathan.

“We received a communication from EFCC to put a precautionary restriction on the account. The letter was dated March 21, 2016, so we had to act based on that,’’ said  Kenneth Otowo, representing one of the banks.

The House committee condemned the action, saying the bank could only take such decision if EFCC proved that it had obtained a court order to that effect.

“Until EFCC proves otherwise, I’ll ask you to remove the precautionary restriction on the account. Let me tell you, whatever you’ll do, you must follow the law. A bank can’t hold a legal entity to ransom.

The affected banks are  Diamond Bank, Fidelity Bank, Skye Bank. Union Bank, First Bank, and EcoBank,

Author

See also  Governors' Forum Gets Presidential Kudos for Backing Sweeping Tax Reform Bills

Leave a comment

Related Articles

Nafisat Balogun Becomes First Female Pilot for Nigeria Customs with U.S. License

History has been made at the Nigeria Customs Service as Superintendent Nafisat...

INEC Quashes”False” Viral Reports Targeting its Chairman

The Independent National Electoral Commission (INEC) has officially dismissed viral claims linking...

APC announces primary schedule: ₦100m for presidential hopefuls, ₦50m for governors

The All Progressives Congress (APC) has officially released its 2027 general election...

Regulatory Milestone: CBN, NCC Collaborate to Protect Consumers from SIM-Based Financial Crimes

Nigeria’s top financial and telecom watchdogs have joined hands in a major...