Connect with us

Hi, what are you looking for?

News

#EndSARS: Court Orders CBN To Unfreeze Promoters’ Accounts

A Federal High Court in Abuja has ordered the Central Bank of Nigeria (CBN) to unfreeze the bank accounts of 20 #EndSARS promoters.

Justice Ahmed Mohammed gave the ruling following the agreement reached by parties in the suit to amicably resolve the matter.

The Judge while commending counsel to the CBN, Mr Michael Andoaka, and lawyer to the defendants, Mr. Femi Falana, ruled that “all processes filed in respect of the case are hereby deemed to have been withdrawn.”

Justice Mohammed then, set aside the November 4, 2020 order and ordered that all the accounts of the affected persons “be immediately defreezed.”

The CBN, in an exparte motion, had prayed the court to freeze the bank accounts of Bolatito Rachael Oduala and 19 others who participated in last year’s protest to end police brutality in the country.

The apex bank said it took the action to investigate the promoters of the protest on allegations bordering on terrorism financing, among others.

_________

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Your email address will not be published.

Advertisement

Signal-Tesslo Ad

Related

News

The Central Bank of Nigeria has again said that the January 31 deadline for the validity of the old 200, 500 and 1,000 naira...

News

The Central Bank of Nigeria has excluded mobile money/Point of Sales agents in Abuja and Lagos from its newly launched cash swap programme, Punch...

News

Embattled Central Bank Governor, Godwin Emefiele, has reportedly returned to the country, on Wednesday, amidst growing rumour that he will be arrested by the...

News

The Deputy Governor, Financial System Stability, Central Bank of Nigeria, Aisha Ahmad, has said the amount spent on maintaining the naira has increased by...

Copyright ©