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‎FG revealed that Nigeria’s total debt profile is about N17 .36tr including both domestic, foreign debt‎, as it plans to begin to tax informal sector

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Having ordered the freezing of his account by Justice Abdulazeez Anka, on the 7th of February, Chief Mike Ozekhome,had approached a Federal High Court for defreezing of his account.

Justice Abdulazeez Anka, had on Feb. 7, ordered that his account with Guarantee Trust Bank worth N75 million be forfeited pending the determination of his case with Economic and Financial Crime Commission EFCC.

Chief Mike Ozekhome, a Lagos-based lawyer and Rights activist, has approached a Federal High Court in Lagos to vacate an interim order freezing his account.

The order followed an application by the Economic and Financial Crimes Commission (EFCC), which prayed the court to freeze Ozakhome’s account temporarily, on the ground that the funds was suspected to be proceeds of crime.

Ozekhome is seeking an order to discharge the interim order, to freeze the said account for 120 days. In his application filed on Thursday, He want an order restraining the EFCC, whether by themselves or their privies, from dealing in any way and manner as to the operation or the proprietary rights of the ownership of the account.

In his argument he said that EFCC, did not comply with statutory and judicial authorities in obtaining an interim order through a motion ex parte.

According to him, The respondent allegedly suppressed material facts in obtaining the order, as a result of which he held that the action is unconstitutional as same offends Sections 36, 37 and 41 of the 1999 Constitution.

He argued that, “family, staff, dependants, associates, business and livelihood will greatly suffer, if this application is not granted, and the freezing order lifted immediately”. Ozekhome also filed an affidavit of urgency deposed to by a lawyer in his firm, Chimaobi Onuigbo, praying that that the case be heard urgently.

The case will come up on the 23rd of February, 2017.


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