Thursday, 13 April 2017

Why we didn't allow Patience Jonathan withdraw from her $5.8m account - Skye Bank

Why we didn't allow Patience Jonathan withdraw from her $5.8m account - Skye Bank

Skye Bank has revealed why it blocked Patience Jonathan’s account 

The court had on Monday April 10 ordered her account to be unfrozen 

But EFCC on Wednesday April 12 expressed its readiness to appeal the order 

Barely two days after former First Lady Patience Jonathan was blocked from withdrawing from the $5.8 million she deposited in Skye Bank, the financial institution has explained its action. Premium Times reports that Mrs Jonathan had on Monday April 10 visited the Maitama Branch of Skye Bank in Abuja, seeking to withdraw from her account. 

we gathered that the move followed an April 6 court order that lifted restrictions on the former First Lady’s account as a result of an ongoing litigation by the Economic and Financial Crimes Commission. 

But bank officials declined to initiate any transaction for Mrs. Jonathan, despite spending time in the bank’s premises. In an interview with Premium Times on Wednesday April 12, Rasheed Bolarinwa, Skye Bank’s head of corporate communication, said the bank had received a stay of execution order filed by the anti-graft agency prior to Mrs Jonathan’s visit to the bank. Mr Bolarinwa confirmed that the bank was also notified of an appeal by the EFCC against the court order. 
we previously reported that the EFCC had appealed the order and also asked for a stay of execution of the judgement. “We have appealed the order,” Wilson Uwujaren, EFCC spokesperson, said in a telephone interview. 

The commission had contended that the funds were reasonably suspected to be proceeds of crime. The court granted the order but reversed it last Thursday on the grounds that she was not a party to the suit leading to the freezing order.

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