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CBN To Freeze 20 #EndSARS Promoters Account

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CBN request to Freeze 20 #EndSARS Promoters Account has been granted.


iexclusive News Nigeria reports that the Central Bank of Nigeria has gotten the nod to freeze the accounts of 20 #EndSARS promoters by a Federal High Court sitting in Abuja till January 2021.


CBN filed the request on October 20, 2020, through a team of lawyers led by a former Attorney-General of the Federation and Minister of Justice, Mr Michael Aondoakaa, SAN


The suit marked FHC/ABJ/CS/1384/2020 listed the 20 defendants as – Bolatito Oduala, Chima Ibebunjoh, Mary Kpengwa, Gatefield Nigeria Limited, Saadat Bibi, Bassey Israel, Wisdom Obi, Nicholas Osazele, Ebere Idibie, Akintomide Yusuf, Uhuo Promise, Mosopefoluwa Odeseye Adegoke Emmanuel, Umoh Ekanem, Babatunde Segun, Mulu Teghenan, Mary Oshifowora, Winifred Jacob, Victor Solomon, and Idunu Williams.


Justice A.R Mohammed ordered that the accounts should be frozen for the next 90 days to enable CBN conclude it’s investigation


In his ruling, “A mandatory order is made empowering the plaintiff/applicant to direct the head office of Access Bank of Nigeria Plc, Fidelity Bank Plc, First Bank of Nigeria Plc, Guaranty Trust Bank Plc, United Bank for Africa Plc and Zenith Bank Plc to freeze forthwith all transactions on the 20 bank accounts listed for a period of 90 days pending the outcome of investigation and inquiry currently being conducted by the Central Bank of Nigeria.


“It is, however, directed that the 90-day freezing order, may be renewed upon good cause shown by CBN, the applicant.


“It is also directed that any person, whether artificial or natural, that is affected by this order may apply to the court to have his grievance or complaint heard by the court.


“The suit is adjourned till February 4, 2021.”