A Federal High Court in Lagos has ordered the Economic and Financial Crime Commission (EFCC) to desist from arresting Mr. Kennedy Izuagbe, an associate of the Senate President, Bukola Saraki.
Izuagbe who is the Managing Director of Carlisle Properties, was last week Thursday declared wanted by the commission over fraud allegations.
The court also put on hold, the arrest of shareholders and staff of the company by the commission.
In an ex parte motion filed before the court by Efot Okoi on behalf of Izuagbe, he prayed that the court should stop the EFCC from unlawful harassment and intimidation of the applicant.
He further argued that until the hearing/determination of the motion of notice, the EFCC and its agents should be restrained from intimidating Izuagbe and Carlisle Properties, as well as carrying out any further unlawful arrest and detention of the applicants, their agents and associates.
The counsel to the applicant also prayed for an order setting aside the letter of invitation from EFCC to Izuagbe and Carlisle Properties pending the hearing and final determination of the substantive suit before the court.
He added that Izuagbe was only head of Internal Control at the SGBN and was never directly involved in loan approval.
In his ruling, Justice Mohammed Yunusa ordered that the EFCC maintains status quo and that they should be served with the processes and order of the court.
The judge also ordered the EFCC to show the cause why they should not be restrained from arraigning Izuagbe and adjourned the matter till October 12, 2015.