FUNDS USED BY #ENDSARS CAMPAIGNERS MIGHT BE LINKED TO TERRORISM- CBN
The Central Bank of Nigeria CBN was able to secure a court order to freeze the accounts of #Endsars campaigners by telling a Federal High Court that the funds might be linked to terrorist activities, Eons Intelligence has learnt.
In the second week of October, CBN flagged and froze 20 accounts that received money with the tag #Endsars and thereafter proceeded to the court to seek an ex parte order to freeze the accounts.
The frozen accounts are domiciled in Access Bank, Fidelity Bank, United Bank for Africa, and Zenith Bank.
"My Lord, the nature of the transactions undertaken through the defendants' accounts are of suspected terrorism financing in contravention of Section 13(1)(a)and(b) of the Terrorism (Prevention)(Amendment) Act, 2013 and Regulation 31(2)(a)and (3)(b) of the Central Bank of Nigeria Anti-Money Laundering/Combating the Financing of Terrorism Regulations, 2013,” the suit brought before Justice A.R Mohammed in the Federal High Court Abuja read.
A supporting affidavit also alleged that investigations carried out by the Head of the Economic Intelligence Unit of the Governor’s Department, CBN, Joseph Omayuku, showed that the owners of the accounts may have been involved in terrorist activities.
The CBN prayed that the court should grant the order to freeze the accounts to ensure the money remained intact while investigations were ongoing.
Justice A.R Mohammed acceded to the request of CBN and froze the accounts for 180 days, but noted that the ruling can be challenged by aggrieved parties.
READ MORE: SAM ADEYEMI, DAVIDO, BURNA BOY, TUBABA, FALZ, 45 OTHERS DRAGGED TO COURT OVER #ENDSARS
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