Tag: Accounts

  • Court orders immediate unfreezing of Fayose’s accounts in Zenith Bank

    A Federal High Court sitting in Ado Ekiti, on Tuesday, set aside an earlier order of a Federal High court, Lagos empowering the Economic and Financial Crimes Commission, EFCC, to freeze two accounts of Ekiti State Governor, Mr Ayodele Fayose.

    The court consequently ordered the EFCC to immediately unfreezing of the two accounts belonging to the governor without further delay, on the account that the anti-graft agency did not follow due process.

    Justice Taiwo Taiwo who gave the order while delivering a judgment which lasted more than two hours, in a suit filed by the governor, through his counsel, Chief Mike Ozekhome, said the rights of the governor had been unconstitutionally infringed upon, considering the circumstance of his office.

    He declared that apart from the immunity which Fayose currently enjoyed as a sitting governor under section 308 of the constitution, it was wrong for the EFCC to have gone ahead to seize his two accounts in apparent perpetuity without first investigating him or making him a party.

    He averred that rather than the EFCC freezing the governor’s accounts directly through the third party who did not enjoy any mandate from him, the governor himself ought to have been first investigated and brought into the picture.

    He described Fayose as “a genuinely deprived person who rushed to the court to seek constitutional protection.”

    He said it was also the duty of any presiding judge to protect the said constitution and its interpretations whenever the need arises.

    “The Plaintiff is entitled to be heard before his property or money can be seized, doing otherwise will amount to denying him fair hearing and constitutional rights”, he said.

    However, the judge refused to grant other reliefs sought by the governor, including a perpetual injunction restraining EFCC or its agents from further tampering with his property, and another one asking for payment of N5billion as exemplary damages.

    “This court will not shield any person from due investigation.

    “Since Police cannot be stopped from investigating a crime, same goes for the First Respondent so as not to whittle down its functions”, the judge said.

    EFCC lead counsel, Mr Rotimi Oyedepo was absent at the court but Fayose’s lead counsel, Ozekhome, in his reaction described the judgment as the best to be so made, saying it would checkmate the agency against years of brazen arbitrariness and excesses.

     

  • Why we froze Investors’ accounts – MMM Guider

    …says accounts was frozen to put FG and MMM haters to shame

    …promises to be back by January 14th

    A top MMM guider, Chuddy has addressed MMM investors on the one month freeze of accounts.

    In a blog post on MMM BLOG on Tuesday, Chuddy called for calm among investors.

    He said the open letter explains why the one month freeze was implemented, adding that it was to put the Nigerian Government and MMM haters to shame.

    Read letter below:

    MMM Nigeria No. 1 Guider Chuddy On One Month Freezing of Confirmed Mavros

    This is from MMM Nigeria Guider 1 Chuddy.

    Hi Mavrodians, As we all must have seen in our PO of the news on Mavro frozen for a month.

    This isn’t the first of its kind. It happens when there are excess PANIC in the system It was placed on Zimbabwe and after the duration it was lifted.

    As MMM Freezes And Goes Offline Few Weeks Before Christmas, this idea is brought forward to Calm the members down on intending Threat the FG and Mass media has planned on the system.

    It doesn’t mean that there is no more money in the system because in my PO now as a guider, I have about 2million+ PH orders. And I know it would be like that in most Guiders PO too. So you see!!!

    Money to pay out the orders wouldn’t be a problem. But the Admins needed to apply measures to sustain the growth of the system.

    In order to fight issues that may arose as a result of Massive PH already this xmas. Issues like Uploading of Fake POP; non confirmation of orders and the rest. So this is the best strategy to put FG to shame.

    We all need not panic as our money is in safe hands. Check out your Mavros and you see your money is intact both for 30% bonuses and 20% accrued bonuses.

    You can keep PHing if you have the money, though you will definitely not be matched until Mavros are unfrozen. But that will really go a long way for you as your PH made this December will surely be giving you extra 20% after paying out next year.

    No cause for Alarm. We live to expect a stronger MMM by January 14th, 2017

    Guider Chuddy