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Wednesday 14 December 2016

We will appeal judgement asking us to unfreeze Fayose's account-EFCC says

Justice Taiwo Taiwo of the Federal High Court, Ado-Ekiti, yesterday ruled that EFCC should unfreeze the state governor, Ayo Fayose's accounts with Zenith Bank which were frozen on June 21st. EFCC froze the accounts on the grounds that they were allegedly used to receive proceeds from illegal transactions. But EFCC says they will appeal the judgement. Read a statement from EFCC after the cut...

The attention the Economic and Financial Crimes Commission has been drawn the order by Justice Taiwo Taiwo of the Federal High Court, Ado Ekiti, Ekiti state asking it to defreeze the accounts of Governor Ayo Fayose in Zenith Bank. While the Commission awaits the certified copy of the ruling, it is important to point out that this order contradicts another order by Justice M. B Idris of the Federal High Court, Lagos which gave the Commission the nod to freeze the accounts pending the conclusion of investigation. This order from a court of coordinate jurisdiction was not set aside by Justice Taiwo. In spite of this, the Commission has taken immediate step to appeal the order by Justice Taiwo.

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