A Federal High Court, Lagos, on Tuesday, ordered that the sum of N350 million, belonging to AM-PM Global Network Limited, in the Stanbic-IBTC be temporary freezed.
The court presided by Justice Hadiza Rabiu-Shagari, made the order while granting an Ex-parte application filed and argued before her by the Economic and Financial Crime Commission (EFCC) lawyer, Mr. Rotimi Oyedepo against the company.
In urging the court to grant the Ex-parte application, the EFCC in a nine paragraph-affidavit deposed to by Musbau Yahaya, an investigator with the anti-graft agency stated that between June 20, 2012 and November 15, 2013, the respondent (AM-PM Global Network Limited), fraudulent received a total sum of N1, 206, 950 billion, into its Diamond Bank account number 0026718889, being proceeds of unlawful enrichment derived by Mrs. Dame Patience Jonathan, who was then the Permanent Secretary, appointed by the Bayelsa State Government.
The deponent also stated that in a bid to dissipate the fund, the respondent opened account number 0016971559 with Stanbic-IBTC Bank, at Walter Carrington Crescent, Victoria Island branch. And that out of the alleged proceeds of unlawful enrichment of Mrs. Dame Patient Jonathan, the respondent transferred the total sum of N350 million, from its Diamond Bank’s account to the account sought to be attached, in a desperate bid to dissipate the funds.
The deponent further stated that his agency have traced the said N350 million, to the respondent’s account sought to be attached, and that the court order is needed to instruct the bank to attach the account to prevent the dissipation of the funds. And that unless the application is heard and determined, the respondent will tamper with the account sought to be attached. And that it serve the course of justice if the application is granted.
Justice Rabiu-Shagari after listened to the submission made by the EFCC lawyer, ordered the Manager of Stanbic-IBTC Bank, Walter Carrington Crescent Victoria Island branch, to in the interim freeze the sum of N350 million, belonging to AM-PM Global Network Limited, pending the conclusion of the investigation on the account by that anti-graft agency.
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