ALLEGED 52.9M FRAUD: COURT GIVES EFCC GO AHEAD TO FREEZE 67 BANK ACCOUNTS

A Federal High Court in Abuja has granted the Economic and Financial Crimes Commission (EFCC)’s application to freeze 67 banks accounts domiciled in different banks over alleged N52.9 million fraud.

Justice Emeka Nwite granted the application after the EFCC’s lawyer, Martha Babatunde, moved an ex-parte motion to the effect.

The motion sought an order empowering the Executive Chairman of EFCC, Ola Olukoyede, or any other officer of the commission empowered by him to instruct the managing directors of the banks to stop all outward payment, operations, or transaction (including any bill of exchange) in respect of the bank accounts pending the conclusion of investigation.

When the matter was called, the anti-graft lawyer informed the court that the application was dated Dec.  16 and filed Dec. 17.

The Judge said the bank accounts in respect of which the order was sought are subject matters of investigation by the EFCC in relation to money laundering and terrorism financing.