CBN governor says #EndSARS Promoters Are ‘Campaigners Of Terrorism’

A week Ago, the Apex Bank of Nigeria (CBN) moved to freeze the accounts of 20 #EndSARS campaigners after the apex financial institution, in a suit, alleged that the budget of their accounts could have been connected to Terrorism.

The deal with showed in part:

“My lord, the character of the transactions undertaken through the defendants’ debts 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 assisting affidavit deposed to via way of means of one Aondowase Jacob on behalf of the CBN, it changed into said that the Head of the Economic Intelligence Unit of the Governor’s Department, CBN, Joseph Omayuku, had carried out an research at the debts of the defendants and different people and entities held with sure banks in Nigeria.

According to the affidavit, the research confirmed that the proprietors of the debts can also additionally had been concerned in terrorist activities.

It added, “There is a grave allegation that the defendants are concerned in suspected terrorism funding thru their financial institution bills in contravention of the provisions of extant legal guidelines and regulations. The aforesaid transactions undertaken via way of means of the defendants, the usage of their financial institution debts, can purpose widespread financial and protection damage to the general public and the Federal Republic of Nigeria if left unchecked.

“The applicant (CBN governor) is hence wanting to have the courtroom docket empower him to direct the freezing of the 20 debts indexed at the annexure to this utility and all different financial institution debts held via way of means of the defendants.

“A freezing order of this honourable courtroom docket in recognize of the defendants’ debts might additionally permit the research of the sports of the defendants to a logical end in an effort to reporting identical to the Nigerian Financial Intelligence Unit.”

The apex financial institution stated until the order changed into granted, it might now no longer be capable of make sure that the cash remained intact, at the same time as investigations had been ongoing.

The frozen debts had been domiciled in Access Bank, Guaranty Trust Bank, Fidelity Bank, United Bank for Africa and Zenith Bank and had been flagged when they acquired cash with the narration #EndSARS.

One of the debts, marked 0056412470 and domiciled in Access Bank, belongs to Bolatito Olorunrinu Oduala, an #EndSARS campaigner, who changed into appointed into the Lagos State judicial panel installation via way of means of Governor Babajide Sanwo-Olu.

Reacting to the development, a main member of the #EndSARS protesters, Aisha Yesufu, defined the freezing of the #EndSARS protesters’ debts as illegal, noting that the authorities “is behaving like a terrorist.”

Yesufu said, “The query is, why did they (CBN) freeze the debts earlier than acquiring a courtroom docket injunction? Why the illegality? Our judiciary have to understand that it’s miles an impartial arm of presidency and there may be a separation of power.

“The authorities have to feel embarrassment about itself. The United Arab Emirates simply convicted a few Nigerians, who had been accused of terrorism, and we’re listening to that the authorities might attraction on their behalf. That is in which the trouble is.”

A week Ago, the Apex Bank of Nigeria (CBN) moved to freeze the accounts of 20 #EndSARS campaigners after the apex financial institution, in a suit, alleged that the budget of their debts could have been connected to terrorist acts.

The deal with showed in part:

“My lord, the character of the transactions undertaken through the defendants’ debts 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 assisting affidavit deposed to via way of means of one Aondowase Jacob on behalf of the CBN, it changed into said that the Head of the Economic Intelligence Unit of the Governor’s Department, CBN, Joseph Omayuku, had carried out an research at the debts of the defendants and different people and entities held with sure banks in Nigeria.

According to the affidavit, the research confirmed that the proprietors of the debts can also additionally had been concerned in terrorist activities.

It added, “There is a grave allegation that the defendants are concerned in suspected terrorism funding thru their financial institution bills in contravention of the provisions of extant legal guidelines and regulations. The aforesaid transactions undertaken via way of means of the defendants, the usage of their financial institution debts, can purpose widespread financial and protection damage to the general public and the Federal Republic of Nigeria if left unchecked.

“The applicant (CBN governor) is hence wanting to have the courtroom docket empower him to direct the freezing of the 20 debts indexed at the annexure to this utility and all different financial institution debts held via way of means of the defendants.

“A freezing order of this honourable courtroom docket in recognize of the defendants’ debts might additionally permit the research of the sports of the defendants to a logical end in an effort to reporting identical to the Nigerian Financial Intelligence Unit.”

The apex financial institution stated until the order changed into granted, it might now no longer be capable of make sure that the cash remained intact, at the same time as investigations had been ongoing.

The frozen debts had been domiciled in Access Bank, Guaranty Trust Bank, Fidelity Bank, United Bank for Africa and Zenith Bank and had been flagged when they acquired cash with the narration #EndSARS.

One of the debts, marked 0056412470 and domiciled in Access Bank, belongs to Bolatito Olorunrinu Oduala, an #EndSARS campaigner, who changed into appointed into the Lagos State judicial panel installation via way of means of Governor Babajide Sanwo-Olu.

Reacting to the development, a main member of the #EndSARS protesters, Aisha Yesufu, defined the freezing of the #EndSARS protesters’ debts as illegal, noting that the authorities “is behaving like a terrorist.”

Yesufu said, “The query is, why did they (CBN) freeze the debts earlier than acquiring a courtroom docket injunction? Why the illegality? Our judiciary have to understand that it’s miles an impartial arm of presidency and there may be a separation of power.

“The authorities have to feel embarrassment about itself. The United Arab Emirates simply convicted a few Nigerians, who had been accused of terrorism, and we’re listening to that the authorities might attraction on their behalf. That is in which the trouble is.”

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