CHRISTOPHER ANIMAKO vs. EOCO

RULING I wish to begin this ruling by making reference s to Section 47 (1) and (2) of Act 749 and Sections 33 of Act 804. Section 47 (1) (2) of Act 749 provides: Freezing of transactions or accounts 47 “(1) The centre shall not investigate serious offences but where the Chief Executive Officer is of the opinion that it is necessary to freeze a transaction or an account to prevent money laundering, the Chief Executive Officer may direct the freezing of a transaction or account of any accountable institution. (2) The Chief Executive Officer shall apply to a Court within seven (7) days after freezing a transaction or account for confirmation of the action taken and the Court may confirm the freezing on conditions or direct the defreezing of the transaction or account.” However under Act 804, Section 33 provides: Freezing of Property 33 (1) Where the Executive Director considers that freezing of property is necessary to facilitate ...