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Stakeholders caution anti-graft agency on freezing of bank account

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By Glam & Essence

The Independent Corrupt Practices Commission has been cautioned by stakeholders on the need to conclude proper investigations of alleged fraud cases against private firms before freezing their bank accounts.

Their arguments was based on the negative effects these kangaroo court orders do have on the economy, hence the need for ICPC to be thorough with its investigations before freezing such account.

The ICPC had obtained court orders to freeze bank accounts of some companies which were vacated by court of competent jurisdiction.

One of such is the order by Federal High Court, Abuja,asking the anti-corruption agency to unfreeze bank accounts and released seized assets belonging to Blaid Construction Limited and its director, Ochuko Momoh.

This is contained in an enrolled order in a suit marked: FHC/ABJ/CS/132/2019 and made available to journalists in Abuja by Ade Adedeji, a counsel for both the firm and Momoh.

The presiding judge, Binta Nyako, also held that the anti-corruption body should release all the seized properties of the plaintiffs to them.

Glam & Essence Magazine