#EndSARS: CBN Accuses Campaigners Of Terrorism

CBN Governor, Godwin Emefiele
#EndSARS: CBN Accuses Campaigners Of Terrorism - Vantage News Nigeria
CBN Governor, Godwin Emefiele

The Central Bank of Nigeria filed an ex parte motion alleging that the 20 frozen accounts of the #EndSARS campaigners might have been used for terrorist activities.

This was the ground that the Federal Government used to freeze the accounts of the 20 #EndSARS campaigners after telling a Federal High Court in Abuja that the funds in their accounts might have been linked to terrorist activities.

Although the CBN in the case with suit number FHC/ABJ/CS/1384/2020, filed before Justice A. R. Mohammed, did not mention directly that the frozen accounts belonged to #EndSARS campaigners, it expressly informed the court that the funds might have been for terrorist activities.

It read, “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.”

An affidavit in support of the motion on behalf of the CBN by a named Aondowase Jacob, it was written that the Head of the Economic Intelligence Unit of the CBN Governor’s Department, Joseph Omayuku, had investigated activities on the accounts of the defendants and others in various banks.

Accounts frozen by the CBN are domiciled in Access Bank, Guaranty Trust Bank, Fidelity Bank, United Bank for Africa and Zenith Bank.

The affidavit further alleged the defendants are involved in suspected terrorism financing via their bank accounts, which is in contravention of the provisions of extant laws and regulations.

It also stated the freezing of the accounts is to enable investigation in the activities of the defendants accounts.

“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 applicant (CBN governor) is thus desirous to have the court empower him to direct the freezing of the 20 accounts listed on the annexure to this application and all other bank accounts held by the defendants.

“A freezing order of this honourable court in respect of the defendants’ accounts would also enable the investigation of the activities of the defendants to a logical conclusion with a view to reporting same to the Nigerian Financial Intelligence Unit,” it added.

The accounts was frozen by Justice Mohammed for a period of 180 days subject to renewal.

He, however stated that anyone not satisfied with the ruling can challenge it in court.

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