Home News CBN secures court order to freeze accounts of 20 #EndSARS promoters for 90 days
News

CBN secures court order to freeze accounts of 20 #EndSARS promoters for 90 days

Share
Share

The Central Bank of Nigeria (CBN) has obtained a court order freezing the accounts of 20 #EndSARS promoters till January 2021.

The order was pursuant to a motion ex-parte filed by the CBN before a Federal High Court.

The certified true copy of the order obtained by the CBN applied for the restriction of the 20 accounts on October 20 which was several days after it had already ordered commercial banks to freeze the accounts.

The suit marked FHC/ABJ/CS/1384/2020 listed the 20 defendants as – Bolatito Oduala, Chima Ibebunjoh, Mary Kpengwa, Gatefield Nigeria Limited, Saadat Bibi, Bassey Israel, Wisdom Obi, Nicholas Osazele, Ebere Idibie, Akintomide Yusuf, Uhuo Promise, Mosopefoluwa Odeseye and Adegoke Emmanuel.

Others include Umoh Ekanem, Babatunde Segun, Mulu Teghenan, Mary Oshifowora, Winifred Jacob, Victor Solomon, and Idunu Williams.

The banks where the accounts are domiciled include Access Bank, Guaranty Trust Bank, Fidelity Bank, First Bank, United Bank for Africa, and Zenith Bank.

The lawyers representing the CBN were led by a former Attorney-General of the Federation, Michael Aondoakaa (SAN).

Justice A.R Mohammed ordered that the accounts should be frozen for the next 90 days subject to renewal.

The order reads: “A mandatory order is made empowering the plaintiff/applicant to direct the head office of Access Bank of Nigeria Plc, Fidelity Bank Plc, First Bank of Nigeria Plc, Guaranty Trust Bank Plc, United Bank for Africa Plc and Zenith Bank Plc to freeze forthwith all transactions on the 20 bank accounts listed for a period of 90 days pending the outcome of investigation and inquiry currently being conducted by the Central Bank of Nigeria.

“It is, however, directed that the 90-day freezing order, when it lapses, may be renewed upon good cause shown by the applicant.

“It is also directed that any person, whether artificial or natural, that is affected by this order may apply to the court to have his grievance or complaint heard by the court. The suit is adjourned till February 4, 2021.”

Share
Related News
NewsTop stories

Protest Erupts At National Assembly Over Senate’s Delay In Confirming NERC Chairman Nominee

Fresh tension erupted at Nigeria’s National Assembly in Abuja on Tuesday as...

News

Presidential Aide Says Nigeria’s Response To Genocide Allegations Is Balanced And Resolute

The Special Adviser on Policy Communication to President Bola Ahmed Tinubu, Daniel...

News

Presidency Reaffirms Tinubu’s Resolve To End Terrorism And Strengthen National Unity

President Bola Ahmed Tinubu’s administration has restated its strong commitment to ending...

News

Gombe Approves ₦2.6bn For Deputy Governor’s Office And Fire Service Headquarters Construction

The Gombe State Government has approved the sum of ₦1.3 billion for...