Skip to content
August 19, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • National News
  • Court Summons Zenith Bank, EFCC over Fayose’s Account
  • National News

Court Summons Zenith Bank, EFCC over Fayose’s Account

Admin June 28, 2016

fayoseA Federal High Court in Ado Ekiti on Tuesday ordered the Economic and Financial Crimes Commission to appear before it on July 4 to explain why it should not unfreeze Governor Ayodele Fayose’s account with Zenith Bank.

The commission had frozen Fayose’s account and those of some of his associates after allegedly tracing N4.7bn from the Office of the National Security Adviser to them and those of two sons of a former Minister of State for Defence, Musiliu Obanikoro.

The governor, a strong critic of President Muhammadu Buhari, had gone to a branch of the bank located on Bank/Secretariat Road for to carry out some transactions when he discovered that his account had been frozen.

Fayose through his lawyer, Mr. Mike Ozekhome (SAN), approached the court on Tuesday through an ex parte order seeking a mandatory order unfreezing the accounts pending the determination of his interlocutory application.

He also sought the leave of the court for the service of the originating  summons of the substantive suit on the respondents in their various addresses outside the jurisdiction of the court.

The first and second respondents are the EFCC and Zenith bank.

The application was brought pursuant to Order 26 Rule 8(1) of the Federal High Court Civil Procedure Rule 2009 and Section 44(1) of the 1999 Constitution.

Adopting the written address, Ozekhome contended that the EFCC’s action contravened Section 308 of the Constitution, which conferred immunity on the governor.

Citing the case of Abdulaziz Nyako Vs EFCC, he argued that the anti-graft agency had no power to freeze Fayose’s account without a valid court order.

But ruling on the application, Justice Taiwo Taiwo, said the Applicant/Plaintiff (Fayose) should put the respondents on notice.

He said, “I quite agree that the court can make a mandatory order in extreme cases. There is no doubt there are triable issues before the court, more so when the applicant is a sitting governor.

“I quite agree that the applicant has immunity pursuant to provisions of the Constitution, but it is glaring that what the applicant is looking for is a mandatory order to undo what had already been done.

“In this case, it is noted by the court that the reliefs sought by the applicant are better granted during the interlocutory injunction. I don’t think any court will abdicate his duties. I have restrained from going into the merit of the case because the originating summon has yet to be heard and should not be preempted.

“I hereby order the first and second respondents to appear before this court on why the order being sought should not be granted.

“For the avoidance of doubt, the prayer is not refused but put in abeyance pending when the respondents would appear before the court on July 4 to show cause why it should not be granted.

“The respondent should file a counter affidavit before July 4 and if possible, the motion will be heard on same day.” PUNCH

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: mainnews mainnews2 newsbar newsticker recommended

Post navigation

Previous I Paid $40m to Jonathan’s Cousin’s Company Account Via CBN – Witness
Next 36 Killed, 147 Injured at Istantul Airport Attack

Related Stories

South African envoy dismisses reports of visa restrictions on Nigerians
  • National News

South African envoy dismisses reports of visa restrictions on Nigerians

August 19, 2026
ICPC tracks 14 projects worth N431.8m in Sokoto ICPC
  • National News

ICPC tracks 14 projects worth N431.8m in Sokoto

August 19, 2026
Police Repels Bandit Attack, Rescue Kidnap Victims, Recover Weapons in Nationwide Offensive  Ekiti abductors
  • National News

Police Repels Bandit Attack, Rescue Kidnap Victims, Recover Weapons in Nationwide Offensive 

August 19, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

South African envoy dismisses reports of visa restrictions on Nigerians
  • National News

South African envoy dismisses reports of visa restrictions on Nigerians

August 19, 2026
ICPC tracks 14 projects worth N431.8m in Sokoto ICPC
  • National News

ICPC tracks 14 projects worth N431.8m in Sokoto

August 19, 2026
Police Repels Bandit Attack, Rescue Kidnap Victims, Recover Weapons in Nationwide Offensive  Ekiti abductors
  • National News

Police Repels Bandit Attack, Rescue Kidnap Victims, Recover Weapons in Nationwide Offensive 

August 19, 2026
Alleged Criminal Conversion: EFCC Recovers N4.4bn Worth of AGO in Lagos Scammers
  • National News

Alleged Criminal Conversion: EFCC Recovers N4.4bn Worth of AGO in Lagos

August 19, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.