Court Approves CBN’s Demand to Freeze Protester’s Account

A federal high court in Abuja has given approval to the demand of the Central Bank of Nigeria to freeze the accounts of 19 individuals and a public affairs company in alliance with the #EndSARS protests.

The approval was given by Justice Ahmed Mohammed. The demand, however, was filed by the CBN on October 20. Some affected individuals are Bolatito Racheal Oduala, Chima David Ibebunjoh, Mary Doose Kpengwa, Saadat Temitope Bibi, Bassey Victor Israel, Wisdom Busaosowo Obi, Nicholas Ikhalea Osazele, Ebere Idibie, Akintomide Lanre Yusuf, Uhuo Ezenwanyi Promise and Mosopefoluwa Odeseye.

Others are: Adegoke Pamilerin Yusif. Umoh Grace Ekanem, Babatunde Victor Segun, Mulu Louis Teghenan, Mary Oshifowora, Winifred Akpevweoghene Jacob, Victor Solomon, Idunu A. Williams, and Gatefield Nigeria Limited.

Read Also: CBN Revokes Licenses of Seven Payment Service Providers, One Switch Provider

The court’s order was given to the head offices of Access Bank, Fidelity Bank, First Bank Nigeria, Guaranty Trust Bank, United Bank of Africa, and Zenith Bank, demanding the banks to henceforth, freeze all transactions on the 20 accounts listed and all other bank accounts of the defendant/ respondents for 180 days until the outcome of the investigation and inquiry that is presently being conducted by the CBN.

Gatefield Nigeria Limited had previously sued Access Bank Plc for allegedly blocking an account used to promote media coverage of the #EndSARS protests.

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