The court adjourned till July 13, for hearing of the motion on notice.
by SaharaReporters, New York
Jul 08, 2021
A Federal High Court sitting in Lagos has restrained Integrated Energy Distribution and Marketing Company Ltd and Polaris Bank from tampering, howsoever, with funds standing to their credit up to $6,759,000 (about N2.8 billion) or its equivalent in any currency in 25 banks, the Debt Management Office and Federal Ministry of Finance.
Justice Daniel Osiaigor, who made the interim order of Mareva Injunction, held that it subsists pending the hearing and determination of a motion on notice filed against the duo by the United Bank for Africa (UBA).
United Bank For Africa Sues Energy Firm, Polaris Bank Over N2 8 Trillion
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Patience Jonathan: Court rules in $8 4m final forfeiture suit Oct 7
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A federal High Court, Lagos, yesterday, adjourned till October 7 to hear a motion seeking the final forfeiture of the $5.78 million and N2.4 billion linked to Dame Patience Jonathan.
Justice T.G Ringim fixed the date after taking arguments from counsel to the parties in the matter. The Economic and Financial Crimes Commission (EFCC) filed the application for forfeiture in 2017 before Justice Mojisola Olatoregun.
The defendants are Mrs. Jonathan and LA Wari Furniture and Bathes. According to the anti-graft agency, the funds belong to the ex-First Lady. x
The money was sad to be warehoused in Skye Bank Plc and Ecobank Plc. Justice Olatoregun, on April 26, 2017, ordered the temporary forfeiture of the funds, following an ex-parte application by the EFCC.