Frozen Accounts: Patience Jonathan Asks Court To Jail Bank Chiefs

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He stated that rather than send the details of an account, Patience requested that she be paid in cash. He stated that the bank considered her demand for cash payment as a request for assisting her to violate the provisions of the money laundering laws and banking regulations in Nigeria. But he said despite writing Patience about the impossibility of the bank meeting her request, the wife of the former President insisted on getting her balance in cash. He stated, “In response to the letters dated December 20, 2017, the bank, vide letters dated December 21, 2017, for the 11th judgment creditor/respondent for the balance in the unfrozen account if she fails to provide details of account into which the said balance should be transferred on or before January 4, 2018. “In response, the 11th judgment creditor/respondent and her counsel, respectively informed the bank that the 11th judgment creditor/respondent does not have any account in her name where monies can be transferred and would prefer cash to be paid to her as the lodgments made into that account were done in cash. “The 11th judgment creditor/respondent further wrote the bank on December 27, 2017 supplying three separate accounts of her counsel telling the bank that the said sum be paid into those three named accounts of solicitors who are third parties and the balance paid to her in cash. “In line with the bank’s letter of December 21, 2017, upon the failure of the 11th judgment creditor/respondent and her counsel respectively to provide any account details in her name to transfer the funds in her unfrozen account, the bank, on January 17, 2018, issued in her name a bank cheque number 014602 in the sum of $3,626,273.71 (three million, six hundred and twenty-six thousand, two hundred and seventy-three dollars, seventy one cents only) representing the total balance in her account with the bank, less applicable charges. “Further to the above, the bank also informed the 11th judgment creditor/respondent and her counsel respectively vide letters dated January 17, 2018, to visit a designated office of the bank in Abuja to pick the cheque.” Justice Binta Nyako of the Federal High Court in Abuja had on May 30, 2017 frozen a total of 16 accounts, including 13 kept with the three banks. The accounts were frozen by the court following an application by the EFCC alleging that huge sums of money in foreign currencies suspected to be proceeds of crimes were kept in the accounts. Following an application by Patience Jonathan and others challenging the freezing order, the court, on December 5, 2017, unfroze the accounts and lifted all the restrictions placed on them. But Patience and other 10 applicants, via their motion filed on January 6, 2018, alleged that the three banks had refused to comply with the court order unfreezing their accounts. Patience is the number 11 applicant on the motion paper. The rest of the applicants are corporate bodies, which are also linked to the wife of the former President. They include the Incorporated Trustees of Ariwabai Aruera Reachout Foundation, Pagmat Oil and Gas Nigeria Limited, Finchley Top Homes Limited , AM PM Global Network Limited, Magel Resort Limited and the Incorporated Trustees of Women for Change and Development Initiative Nigeria. The rest are Transocean Property and Investment Limited, Seagate Property Development Investment Company, Globus Integrated Services and Pluto Property and Investment Company. The applicants’ legal team comprising three Senior Advocates of Nigeria, Ifedayo Adedipe, Mike Ozekhome and Granville Abibo, stated in the applicant’s motion that despite being served with Form 48 (notice of disobedience of court order) and Form 49 (notice of consequence of disobedience of court order), the bank chiefs had refused to comply with the December 5, 2017 court order. But the First Bank chief, responded to the applicants’ motion by filing another application on February 1, 2018, asking for among others, an order striking out or dismissing the committal proceedings and the Forms 48 and 49 served on him. He argued that the committal proceedings were incompetent since the Forms 48 and 49 were not served on him personally as required by the relevant laws and the court’s rules. Meanwhile, the EFCC had filed an ex parte application requesting a fresh order freezing the accounts belonging to Patience and 10 others. But Patience, through her lawyers, asked the court to dismiss the EFCC’s application. The EFCC was not represented at the proceedings on Friday. But Justice Nyako noted that hearing notice was only served on the commission 24 hours before the proceedings. She, therefore, fixed April 11 for hearing, directing that fresh notice be served on the commission. 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