This is why we froze accounts of 20 EndSARS protesters – CBN reveals

The Central Bank of Nigeria (CBN) sought an ex parte order to freeze the account of 20 members of the EndSARS movement in what has been generating a whirlpool of reaction. The reason for the action has now been unraveled as contained in a case with suit number FHC/ABJ/CS/1384/2020, filed before Justice A. R. Mohammed of Abuja Federal High Court Legit.ng reports

The affected individuals have been identified as Bolatito Racheal Oduala, Chima David Ibebunjoh, Mary Doose Kpengwa, Nicholas Ikhalea Osazele, Ebere Idibie, Akintomide Lanre Yusuf, Uhuo Ezenwanyi Promise, and Mosopefoluwa Odeseye.The affected individuals have been identified as Bolatito Racheal Oduala, Chima David Ibebunjoh, Mary Doose Kpengwa, Nicholas Ikhalea Osazele, Ebere Idibie, Akintomide Lanre Yusuf, Uhuo Ezenwanyi Promise, and Mosopefoluwa Odeseye. Others are Saadat Temitope Bibi, Adegoke Pamilerin Yusif, Umoh Grace Ekanem, Babatunde Victor Segun, Mulu Louis Teghenan, Mary Oshifowora, Winifred Akpevweoghene Jacob, Victor Solomon, Idunu A. Williams, Gatefield Nigeria Limited, Bassey Victor Israel and Wisdom Busaosowo Obi.

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It has now been revealed that the apex bank, while requesting the court order, argued that the funding of the EndSARS movement might have emanated from terrorist activities, The Punch reports.

CBN said the money flow into the account of the EndSARS protesters was found ominous following investigation by head of the economic intelligence unit, Joseph Omayuku. “There is a grave allegation that the defendants are involved in suspected terrorism financing via their bank accounts in contravention of the provisions of extant laws and regulations. The aforesaid transactions undertaken by the defendants, using their bank accounts, can cause significant economic and security harm to the public and the Federal Republic of Nigeria if left unchecked.”