Terrorism Financing: EFCC Gets Court Nod To Freeze 1,146 Accounts Of Individuals, Companies

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8 months ago
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Mohammed Shosanya

Justice Emeka Nwite of the Federal High Court sitting in Abuja, has granted an interim order to the Economic and Financial Crimes Commission to freeze at least 1, 146 bank accounts of individuals and companies over alleged unauthorised dealing in foreign exchange, money laundering and terrorism financing.

Justice Nwite, also granted the EFCC request to conclude investigation on the alleged offences within 90 days.

The court made the order following an ex parte motion marked FHC/ABJ/CS/543/2024, dated April 24, and moved same date by counsel for the EFCC, Ekele Iheanacho.

The motion exparte was brought pursuant to Section 44(2) and (K) of the 1999 Constitution; Section 34 of the EFCC Establishment Act 2004; Section 7(8) of the Money Laundering Prevention and Prohibition Act, 2022.

It was ordered in a certified true copy of the order sighted on Monday, “That an order of this honourable court is hereby made freezing the bank accounts stated in the schedule below which accounts are owned by various individuals who are currently being investigated in a case involving the offences of unauthorised dealing in foreign exchange, money laundering and terrorism financing to the extent that the investigation will be for a period of 90 (Ninety) days.”

Meanwhile, Justice Nwite has adjourned the matter to July 23, for mention.

Some of the account names are Akitoye Adeyemi Ayomide with GTBank account number; 0165110025; Clyp Trading Ltd, Titan Trust Bank account number: 0000331101; Clyp Consulting Ltd, Providous account number: 9401374554; and Toyetech Platforms Ltd, Titan Trust Bank account number: 0000134962.

Others are :Winx International Platforms Ltd, Titan Trust Bank account number: 0000135055; Shutterscore Trading Platforms Ltd, Access Bank account number: 1532363954; Tradecillion Trading Ltd, Stanbic IBTC account number: 0045672922; and Nsofor Donald Nmamdi, GBank account number: 0449088666.

Also included are :Kora Payments Network Ltd-Operations, UBA account number: 1022242089; Renderstack Technologies Ltd, Zenith Bank account number: 1210355120; Korex Payments Ltd, Globus account number: 5000007837; and Awe Microfinance Bank Ltd, Providous account number: 5400760781; and Victor Samuel Asuquo, Opay Digital Services Ltd account number: 9020132068.

Others are :Akingbade Sabit Juwon, ECONANK account number: 3442053006; Nsofor Donald Nmamdi, Union Bank account number: 0140460572; Asuquo Victor Samuel, First Bank account number: 3153199542; Oty Ugochukwu Stanley, FCMB account number: 4039304011; Oty & Sons Global Concepts, Fidelity Bank account number: 6060410145; and Pelumi Ayandoye, Wema Bank account number: 0234852277; and David George Ajala, Fidelity Bank account number: 5090680780, among others.

Before the court granted the interim order, the Commission had prayed for permission to freeze the bank accounts stated in the schedule attached to the motion pending the conclusion of the investigation.

An accompanying affidavit stated that “The bank accounts in respect of which the reliefs are sought are subject matters of investigation by the EFCC in relation to money laundering and terrorism financing.

“That preliminary investigation conducted thus far reveals that the bank accounts are linked to persons who take advantage of the virtual crypto currency exchange platforms to illegal manipulate the value of Naira and laundering proceeds of unlawful activities.

“That there is need to preserve the funds in the identified bank accounts pending the conclusion of investigation and possible prosecution.”

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