A Federal High Court in Abuja has faulted the Economic and Financial Crimes Commission (EFCC) for obtaining a freezing order against Micoz Bluelink Enterprise’s $163,592 U. S. dollars domiciled in United Bank for Africa (UBA) without concrete evidence.Justice Emeka Nwite, in a ruling, held that the EFCC had failed to provide evidence that the funds constituted proceeds of fraud or any crime committed either in Nigeria or elsewhere.Justice Nwite, who agreed with the argument of the company, held that the anti-graft agency bore the burden of proving its case, but…
Read MoreCourt cautions EFCC, vacates temporary order freezing $163,592 in coy account
