Skye Bank explains why they didn’t unfreeze Patience Jonathan account

The Maitama Branch of Skye Bank in Abuja has refused to give the former first lady of Nigeria, Patience Jonathan despite the court order saying that the account with $5.8 million be unfrozen but the bank gave the reason why they refused to give Ms Jonathan her money.

The move followed an April 6 court order that lifted restrictions on the former First Lady’s account as a result of an ongoing litigation by the Economic and Financial Crimes Commission.

In an interview with PREMIUM TIMES on Wednesday, Rasheed Bolarinwa, Skye Bank’s head of corporate communication, said the bank had received a stay of execution order filed by the anti-graft agency prior to Mrs. Jonathan’s visit to the bank.

Mr. Bolarinwa confirmed that the bank was also notified of an appeal by the EFCC against the court order.

The EFCC had told PREMIUM TIMES in a separate enquiry Wednesday morning that it had appealed the order and also asked for a stay of execution of the judgement.

“We have appealed the order,” Wilson Uwujaren, EFCC spokesperson, said in a telephone interview.

The commission had contended that the funds were reasonably suspected to be proceeds of crime. The court granted the order but reversed it last Thursday on the grounds that she was not a party to the suit leading to the freezing order.

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