Bank fined N25m for freezing account on EFCC’s directive

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For freezing the bank account of one Mr Adetokunbo Odutola on the instructions of the Economic and Financial Crimes Commission, the Lagos State High Court in Ikeja has awarded N25m against Diamond Ban

k Plc.

The judge held, “The bank went ahead to place PND on the account of the claimant on the instructions of the EFCC. The bank ought to have demanded from the EFCC an order of court to that effect. “This is a society whose affairs are supposed to be governed and conducted in accordance with the law. The EFCC and the bank taking law into their own hands is nothing but shameful.

 

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That will serve as a deterrent. Our law enforcement agencies are really going beyond their bounds

That's a welcome development let see who pays the money the bank or efcc

Good. Bank ti je gbese

Who obeys court orders these days?

OlaJehofa Good! Time to end EFCC impunity on post no debits without court order

Good for them...discas2001 pls see this

Very good Will efcc pay them back now? Cus if not, next time no bank should listen to the efcc

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