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Patience Jonathan’s Multiple Accounts Ordered Frozen By Court

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Presiding Judge, Justice Mojisola Olatoregun of Federal High Court in Lagos has yesterday given an order to freeze accounts operated by former first lady, Patience Jonathan, on the ground that it contains suspected proceeds of crime.

The Judge ordered the Economic and Financial Crimes Commission (EFCC) to file an undertaking in relation to damages payable it if it turns out that the order should not have been made.

One of the accounts frozen, domiciled with Skye Bank plc, has a balance of $5,316.66.

Other accounts affected by the order are five companies and on account belonging to one Esther Oba. The companies collectively have balances totaling N7,418,829,290.94 in six commercial banks, while Esther Obafo has a balance of $429,381.87.

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