
EFCC and freezing accounts
The Economic and Financial Crimes Commission (EFCC) strikes yet again: this time, the target is Mr. Ayo Fayose, the irrepressible governor of Ekiti State. Reports say the commission has “frozen” his accounts. The EFCC is very fond of “freezing” the bank accounts and records of those whom it is just investigating before bringing them to court. Should the EFFC be allowed to do that by law? The recent move also throws up an important question: does the EFCC have the power to freeze the bank accounts of the governor of a state? In short, should the commission be allowed the power to compel banks to put a hold or garnish the accounts of its customers as a result of investigations, by just going secretly before a judge, and obtaining a warrant ex parte, which jeopardizes the rights of the accused and the integrity of the investigations?