The Federal High Court in Lagos last Thursday directed that the freeze order on the account be cancelled. The account holds about $5.8 million (about N1.8 billion).
The EFCC had in November 2016 filed an application before the court, seeking an order to freeze the account.
The commission had argued that the funds were reasonably suspected to be proceeds of corruption. The court initially granted the order but reversed it last Thursday.
However, when Mrs. Jonathan visited the Skye Bank, Maitama, Abuja branch on Monday, she was reportedly told she could not yet access the funds in the account.
Sources say this is because the EFCC “served a notice of stay” of execution of the order on Skye Bank, which made the bank prevent Mrs. Jonathan from accessing the funds.
Mr. Osinbajo advised Mrs. Jonathan to file a contempt charge against the bank if she feels aggrieved.