Connect with us

CBN Tells Court Not To Unfreeze The Account Of #EndSARS Lead Protesters

Piroll

Published

on

Follow
NAIJA NEWS: CBN Tells Court Not To Unfreeze The Account Of #EndSARS Lead Protesters [New Naija News] » Naijacrawl
Photo: Naijacrawl

Due to the well coordinated #EndSARS protest that rocked the country in October a situation that later led to the destruction of properties and loss of lives, which necessitated the Central Bank of Nigeria to freeze the account of some of the coordinators of the protrst.



The Apex court has now asked Justice Ahmed Mohammed of a Federal High Court in Abuja not to unfreeze the accounts of #EndSARS campaigners because they are still under probe for terrorism financing.

The CBN said this in a counter-affidavit in opposition to a motion on notice filed by Gatefield Nigeria Limited, a company that sponsored freelance journalists to cover the #EndSARS protests in October.

The apex bank had through an ex parte order frozen the account of Gatefield Nigeria Limited and 19 other persons who played a role in the protests.

However, Gatefield opposed the CBN’s action in court, insisting that the act was illegal because the apex bank had frozen the accounts even before the court order to do so was obtained.

In a counter-affidavit filed by a lawyer, A.J. Apera, on behalf of the CBN Governor, Godwin Emefiele, the apex bank stated that it duly obtained a court order on November 4, 2020 to freeze the accounts.

The CBN, however, made no mention of #EndSARS in the court papers but only told the court that all those whose accounts were frozen were under probe for suspected terrorism.

The affidavit read in part, “That the bank accounts frozen by this honourable court in this case are suspected to be involved in transactions bordering on terrorism financing and that the said accounts are being investigated by the Central Bank of Nigeria in that regard.”

The apex bank said it did not need to inform the #EndSARS campaigners about the freezing of their accounts because of the nature of the investigation which is terrorism-related.

It added, “That the allegations involving the defendants’ accounts being investigated by the Central Bank of Nigeria border on terrorism and that there was an extreme urgency warranting the grant of the ex parte order in this suit.”

The apex court said it had the legal right to investigate the defendants because it had to do with financing and funds being stored in financial institutions.

The CBN said it would forward its findings to the Nigerian Financial Intelligence Unit for further investigation.

The affidavit further read, “That it will be in the best interest of justice that the instant application be dismissed as the investigations being conducted by the Central Bank of Nigeria in respect of the defendants’ frozen accounts have not been concluded.”

Click Here To Comment




Piroll
 

Piroll is a creative writer, social-political commentator, socio-researcher, and sports analyst. He holds certificates in media management and data journalism from the Thomas Foundation Institute of Journalism. He works as a... Read More

Continue Reading
Click to comment

Be first to comment


Leave a Reply

Your email address will not be published. Required fields are marked *

Naija News

#EndSARS: Segalink Tells Youth To End Protest Across the Country

Piroll

Published

on

NAIJA NEWS: #EndSARS: Segalink Tells Youth To End Protest Across the Country [New Naija News] » Naijacrawl
Photo: Naijacrawl
Mr Segun Awosanya populalrly known as Segalink, who is the founder of EndSARS agitation has today morning hands off on any protest going further, after alleging that politicians and commercial criminals have hijacked the protest for their selfish end....In series of tweets this morning, he warned the youth , that are endangering their lives, if the insist on protesting after the government has agreed to all their demands...See tweets...This is the symbol of the cul...
Continue Reading

Naija News

#EndSars: Now Is Not The Right Time To Be Posting Cute Pictures And Video - Tacha

Piroll

Published

on

NAIJA NEWS: #EndSars: Now Is Not The Right Time To Be Posting Cute Pictures And Video - Tacha [New Naija News] » Naijacrawl
Photo: Naijacrawl
The season 4 housemate of the #BBNaija; Tacha has stated that at this point of collective struggle is not the point where people should be posting beautiful pictures or videos.He made this in a succinct video on her social media pageHer words readsThis is not the time for beauty zone. Do you get what I'm saying? This is not the time for you to post your beautiful picture. This is not the time for those beautiful pictures and those beautiful videos. This is the time...
Continue Reading

Naija News

Naira Revaluation: You can't share dividend from FX gain - CBN Tells Bank

Piroll

Published

on

NAIJA NEWS: Naira Revaluation: You can't share dividend from FX gain - CBN Tells Bank [New Naija News] » Naijacrawl
Photo: Naijacrawl
The Central Bank of Nigeria has reiterated that banks operating in the country cannot use their foreign exchange revaluation gains to pay dividends or meet their operational expenses.In a circular from the apex bank on Thursday signed by the acting Director, the Banking Supervision Department, Adetona Adedeji, banks were warned against such a move.“Further to our letter dated September 1, 2023, referenced BSD/DIR/CON/LAB/16/020 on the above subject, the Central Bank...
Continue Reading

Latest


Download Naijacrawl App today

Fastest way to read on the go

Download the Naijacrawl App.