Tag: Bank accounts

Imo gov-elect, Hope Uzodinma Orders State Accounts Frozen

The governor-elect of Imo State, Senator Hope Uzodinma, has given an order to all financial institutions where the state funds are maintained not to honour any draft till further notice. This order came a few hours after the Supreme Court declared him the duly elected governor of the state on[Read More…]

6 Months After, Court Unfreezes 16 Bank Accounts Belonging To Patience Jonathan

The Federal High Court in Abuja has reversed its order made on May 30, to freeze 16 accounts belonging to the wife of former President Goodluck Jonathan, Patience. Justice Binta Nyako withdrew the order on Tuesday on the grounds that the Economic and Financial Crimes Commission (EFCC) which secured the[Read More…]

Why EFCC Freezes Bank Accounts

In recent times, a lot of interest has been generated by the action of the Commission in freezing the accounts of suspects that were investigated or are currently being investigated. Some commentators have tended to ascribe vindictive motives to this action In order to prevent misinformation, it is imperative to[Read More…]

24 Hours After Ordering For Their Probe, Govt Freezes Bank Accounts Of Ex-service Chiefs

Shortly after President Muhammadu Buhari mandated the Economic and Financial Crimes Commission (EFCC) ordered the probe some serving and retired military chiefs and companies alleged to have participated in the fraudulent arms purchases for the Air Force between 2007 and 2015, indications last night that the appropriate government agencies might have[Read More…]