Oladimeji RamonThe Federal High Court in Lagos has dismissed an application seeking to unfreeze a Unity Bank account with a balance of N1,902,673,399.93 belonging to Hajiya Bola Shagaya. Justice Oluremi Oguntoyinbo, in a judgment on Thursday, threw out Shagaya’s application, declaring that it lacked merit. The Economic and Financial Crimes Commission had, on December 29, 2016 obtained an interim order to freeze the account. Shagaya, through her lawyer, Mr. Napoleon Emeaso-Nwachukwu, however, approached Justice Oguntoyinbo, seeking too unfreeze the account. “The granting of the interim order of attachment is not unconstitutional and does not constitute an infringement on the applicant’s rights to own property,” Justice Oguntoyinbo held.

Source: Punch May 17, 2018 14:26 UTC