CBN accuses #EndSARS campaigners of terrorism
The Federal Government was able to freeze the account of 20 #EndSARS campaigners after telling the Federal High Court in Abuja that the funds in their accounts might have been linked to terrorist activities.
This is according to a written address in support of a motion ex parte filed by the Central Bank of Nigeria.
The CBN had in the second week of October frozen 20 accounts and thereafter approached the court to seek an ex parte order to freeze the accounts.
In a supporting affidavit deposed to by one Aondowase Jacob on behalf of the CBN, it was stated that the Head of the Economic Intelligence Unit of the Governor’s Department, CBN, Joseph Omayuku, had conducted an investigation on the accounts of the defendants and other individuals and entities held with certain banks in Nigeria.
According to the affidavit, the investigation showed that the owners of the accounts may have been involved in terrorist activities.
It added, “There is a grave allegation that the defendants are involved in suspected terrorism financing via their bank accounts in contravention of the provisions of extant laws and regulations. The aforesaid transactions undertaken by the defendants using their bank accounts can cause significant economic and security harm to the public and the Federal Republic of Nigeria if left unchecked.
The apex bank said unless the order was granted, it would not be able to ensure that the money remained intact, while investigations were ongoing.
The 20 accounts frozen by the CBN are domiciled in Access Bank, Guarantee Trust Bank, Fidelity Bank, United Bank of Africa and Zenith Bank.
The accounts were said to have been flagged after they received money with narration #EndSARS.
One of the frozen accounts marked 00564112470 and domiciled in Access Bank belongs to Bolatito Olorunrinu Oduala, an #EndSARS campaigner who was admitted into the Lagos State Judicial panel set up by Governor Babajide Sanwo-Olu.
Another frozen account marked 0054674485 and domiciled in Access Bank, belongs to Bassey Israel, the medical team coordinator for the #EndSARS protests in Port Harcourt.
Similarly, an account marked 0054676984 domiciled in Access Bank belongs to Gatefield Nigeria Limited, which paid freelance journalists to cover the protests.
Justice Mohammed froze the accounts for 180 days subject to renewal, but said anyone who was not satisfied with the ruling was free to challenge it.