The Federal High Court in Abuja has lifted its order of May 30, freezing 16 bank accounts linked to wife of former President Goodluck Jonathan, Patience.
Justice Nyako gave the order on Tuesday – lifting the freezing order that precluded Mrs. Jonathan and 10 organizations linked to her from accessing the accounts containing $5.8million and N3.5billion in total.
The order followed an application that Mrs. Jonathan and the 10 companies filed to challenge an ex-parte interim freezing order earlier obtained by the Economic and Financial Crimes Commission (EFCC).
Listed as applicants with Mrs. Jonathan, in the application, are the Incorporated Trustees of Ariwabai Aruera Reachout Foundation, Pagmat Oil and Gas Nigeria Limited, Flinchley Top Homes Limited, Incorporated Trustees of Women for Change and Development Initiative Nigeria, Transocean Property and Investment Ltd, Seagate Property Development Investment Company, Globus Integrated Services and Pluto Property and Investment Company Limited.
Justice Nyako granted the application, saying the interim forfeiture order had elapsed and could not be renewed by the EFCC.
Five of the accounts are domiciled in Skye Bank Plc, seven are in Diamond Bank Plc, while the remaining accounts are with Union Bank Plc, First Bank Plc, Ecobank and Zenith Bank Plc.
The applicants had argued that the EFCC obtained the forfeiture order by an improper use of the judicial process.
They further told the court that the said interim forfeiture order, including a subsequent one that was issued on October 18, had since expired, with the EFCC, failing to establish a nexus between the applicants and any act of illegality.