close
Thursday, February 11, 2021

Court orders CBN to unfreeze #EndSARS promoters’ accounts

The judge, then, set aside the November 4, 2020 ruling and ordered that all the accounts of the affected persons “be immediately defreezed.”

• February 10, 2021
#EndSARS protest used to illustrate the story
#EndSARS protest used to illustrate the story

The Abuja Division of the Federal High Court on Wednesday ordered the Nigerian Central Bank (CBN) to unfreeze the bank accounts of 20 #EndSARS protesters.

Court documents first published by Peoples Gazette on November 6, revealed how Governor Godwin Emefiele obtained a one-sided federal court order to freeze accounts linked to the #EndSARS campaigners on November 4, for three months.

An Access Bank letter obtained by the Gazette on November 11, however, revealed that Mr. Emefiele did not follow extant regulatory procedures before ordering indiscriminate freezing of the bank accounts.

The bank accounts blocked had included those run by Gatefield, a public interest think-tank, which confirmed to the Gazette that its account with Access Bank was frozen following a CBN directive on October 26, more than a week before an ex-parte order was granted by Justice Ahmed Mohammed.

Despite the expiration of the three-month order last Tuesday, the bank accounts of the #EndSARS champions had remained frozen until Justice Mohammed gave the order to unfreeze the accounts Wednesday afternoon, the Gazette has learnt.

(NAN)

More from Peoples Gazette

Bello Matawalle

Politics

Negotiating with killers best option as Buhari fails to tackle insecurity: Zamfara Governor

“I have always been saying that the best solution and option to tackle banditry is to seek dialogue with the bandits.”

Education

US Consulate opens education centre in Ibadan

“EducationUSA presents an opportunity for young Nigerians to obtain a world-class education in the United States.”

CBN Godwin Emefiele (credit: Bloomberg)

Economy

CBN directs banks to accept travel documents, refugee ID card

“All banks and financial institutions are referred to the provisions of the CBN AML/CFT Regulations 2013 (as amended) on customer due diligence.”

Seyi Makinde

NationWide

Makinde vs ALGON: Supreme Court reserves judgment until May 7

“We believe that our case will not be an exception. The rule of law shall prevail.”

Ifeanyi Ugwuanyi Governor, Enugu State

NationWide

Nigerians face harder times, kerosene price now N235 in Enugu

“It is now sold between N235 and N240 at fuel stations, while at the black market it is sold between N290 and N300.”

sunny weather

NationWide

NIMET predicts sunny, hazy weather for the next three days

The forecast said the inland cities will experience sunny conditions with patches of cloud throughout the forecast period.