Emerging report reaching on Wednesday morning, indicates that the President Muhammadu Buhari Federal Government, through the Central Bank of Nigeria, CBN, was only able to freeze the accounts of 20 peaceful EndSARS promoters in the country, after telling a Federal High Court, in Abuja, that the funds in their accounts may have been linked to acts of terrorism.
This is according to a written address in support of a motion exparte filed by the CBN.
The CBN had in the second week of October, frozen 20 accounts, and thereafter approached the court to seek an exparte order to freeze the accounts.
In the case with suit number FHC/ABJ/CS/1384/2020, filed before Justice A. R. Mohammed, the CBN, however, made no mention of the fact that the 20 accounts were owned by persons involved in the EndSARS protests, but told the court that the funds may have emanated from terrorists activities.
The written address read in part: “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.”
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 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.”
The Apex Bank stated that 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, Guaranty Trust Bank, Fidelity Bank, United Bank for Africa, and Zenith Bank.
The accounts were said to have been flagged, after they received money with the narration EndSARS.
One of the frozen accounts marked 0056412470, and domiciled in Access Bank, belongs to Bolatito Olorunrinu Oduala, an EndSARS Campaigner, who was appointed into the Lagos State Judicial Panel set up by the Governor of Lagos State, Babajide Sanwo-Olu.
Another frozen account marked 0033974485, 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 that anyone who is not satisfied with the ruling, is free to challenge it.
More news later…