By Chike Olisah
The Central Bank of Nigeria, in order to freeze the accounts of the
20 #EndSARS promoters, told the Federal High Court in Abuja that the
funds in their accounts might have been linked to terrorist activities.
According to a report from Punch, this was contained in a written address in support of a motion ex parte filed by the Central Bank of Nigeria (CBN).
In the case with suit number FHC/ABJ/CS/1384/2020, filed before
Justice A. R. Mohammed, the CBN, however, did not mention that these 20
bank accounts were owned by individuals and organization that were
involved in the #EndSARS protests, but told the court that the funds
might have emanated from terrorist activities.
The written address partly reads, “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 honorable 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.”
(READ MORE: Naira falls at black market as dollar supply drops significantly)
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 after they had been flagged for
receiving money with the narration #EndSARS, are domiciled in Access
Bank, Guaranty Trust Bank, Fidelity Bank, United Bank for Africa, and
Zenith Bank.
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.
What you should know
Nairametrics had reported
that the CBN had gotten a court order to freeze the accounts of 20
#EndSARS protesters in various banks. The ex parte order to freeze the
accounts was sought by the apex bank after it had frozen the accounts.
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