The Senate Committee on Ethics, Privileges and Public Petitions has directed banks to unfreeze the accounts of former First Lady, Patience Jonathan.
The committee after subjecting the management of four different banks, where Mrs. Jonathan had accounts, directed that those accounts not encumbered by any legal process be re-opened.
The committee, headed by Sam Anyanwu, noted that some of the accounts were frozen based on some administrative lapses.
According to the committee, “one of the accounts which is with Stanbic IBTC Bank had not breached any known law or due process.”
The committee also directed that the account with Zenith Bank must be re-opened because the court order which directed that it should be frozen had been vacated.
The committee members were particularly unhappy with what they called arbitrary manner in which the Economic and Financial Crimes Commission (EFCC) used the banks to close the accounts without complying with due process of law.
After listening to the committee, bank executives present informed the lawmakers that the court order vacating the earlier ones relied upon by the EFCC to close the accounts were not made available to them.
Consequently, they promised to re-open those accounts having been made known of the vacation order.
The committee expressed shock that the banks could rely on an ordinary letter by the EFCC anticipating a favourable ruling to freeze customers’ accounts.
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