Connect with us

Hi, what are you looking for?

News

CBN Must Desist From Jumping Into The Political Arena – Falana

A Senior Advocate of Nigeria (SAN), Femi Falana, has asked the Central Bank of Nigeria (CBN) to stay out of politics and stick to the business of banking.

Falana’s call was made in reaction to the unfreezing of bank accounts belonging to 20 #EndSARS promoters.

Following the #EndSARS protest that rocked the nation in October 2020, the CBN obtained an injunction from the court to freeze the accounts of certain individuals and a public affairs company linked to the #EndSARS protests, a move which Mr. Falana describes as a case of intimidation.

The human rights lawyer who was a guest on Channels Television’s Sunrise Daily argued that the apex bank went out of its way.

“I do hope that sufficient lessons have been learnt particularly by the Central Bank to desist from jumping into the political arena by attempting to freeze the accounts of people who are involved in the struggle one way or the other against the government,” he stated.

Falana further argued that the CBN misled the court into believing that some grave offenses had been committed, which would require time to run an investigation.

He however noted that no offense was committed and no attempt was made by the Central Bank to investigate any individual.

The lawyer urged the CBN to be more circumspect in the future, adding that the individuals whose accounts were frozen will be going to court to challenge the “gross violation” of their rights to their property.

_________

Follow us on Twitter at @thesignalng

Copyright 2021 SIGNAL. Permission to use portions of this article is granted provided appropriate credits are given to www.signalng.com and other relevant sources.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertisement

Related

News

The former Governor of the Central Bank of Nigeria, Godwin Emefiele, was on Friday arraigned at the High Court of the Federal Capital Territory,...

News

The Federal Government has reduced to six counts the fraud charges it filed against the immediate-past Governor of the Central Bank of Nigeria, Godwin...

News

Amnesty International and some activists have challenged the Lagos State government to disclose the identities of the 103 #ENDSARS victims billed for mass burial....

News

The 36 Governors in Nigeria have planned to meet with officials of the Central Bank of Nigeria and the Economic and Financial Crimes Commission,...

Copyright ©