Court orders ICPC to unfreeze Pinnacle Bank account

Posted by News Express | 15 December 2018 | 1,582 times

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A Federal High Court Judge Nnamdi Dimgba has ordered Independent Corrupt Practices and Other Related Offences Commission (ICPC) to unfreeze the account of Pinnacle Communications Limited and counselled anti-corruption agencies of government against taking drastic action that could prevent private enterprises from flourishing prior to concluding investigations to justify such actions.

Delivering his ruling in the case instituted against ICPC for instructing Zenith Bank to freeze its account Friday, the Justice Dimgba maintained that the anti-corruption war was as beneficial to the society as flourishing private enterprises pointing out that scuttling the operations of major private organisations like Pinnacle Communications Limited also sends negative signals to the international community about Nigeria’s business environment.

The judge described ICPC’s action against Pinnacle Communications Limited as “an overkill just like using a sledgehammer to kill a fly” considering that even after six months since the case was instituted and despite leeway provided by many adjournments by the court, ICPC could not file any charges against the company, emphasising that it should not have frozen the account without establishing a prima facie against it.

The judge remarked that anti-corruption agencies should not base their actions on rumours or “beer parlour stories” but on thorough investigations that could sustain judicial scrutiny.



Source: News Express

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