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An Ibadan-based legal practitioner
(names withheld) has been arrested by
operatives of the Economic and
Financial Crimes Commission (EFCC),
Ibadan Zonal Office, in connection with
an alleged attempt to procure Garnishee
Order from court to have access to
dormant bank accounts with high net
worth.
A press statement on Tuesday, the Head,
Public Affairs of the EFCC Zonal Office,
Ayo Oyewole, said that the lawyer was
still being quizzed by the EFCC as of the
time of filing this report.
According to Oyewole, the EFCC started
the investigation of cases of conspiracy
and stealing involving the use of
Garnishee Orders targeted at such high
net-worth bank accounts with low or no
activities, following complaints from
some banks on the increase in the
inflow of such court orders on a
number of dormant accounts.
He said that three of such cases, where
attempts were made to steal over N30
million, were being investigated to
unravel the brains behind this new
method of crime.
“The arrested lawyer is being quizzed
in connection with an attempt to
procure such phony court orders.
“Investigations have revealed that one
of the modes of operation was that two
individuals would approach the court to
decide on alleged case of breach of
contract, having at their disposal
insider information on the inactive
bank account with high net worth.
“A third party purported to be the
owner of the targeted dormant account
would be joined in the matter as being
responsible for the failed transaction.
“Having secured a judgment on the
phoney case of breach of contract, one
of the parties would present a prayer
before the court for a Garnishee action
against the dormant account. The bank,
by the order, would then be compelled
to carry out a transfer of funds from
the account without the knowledge of
the original owner of the account,” he
stated further.
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