x

ENDSARS: Court Vindicates CBN Over Frozen Accounts Allegations

The Center For Transparency and Social Justice (CETSJ) has said the position of the Federal High Court that the Central Bank of Nigeria (CBN) initiated the process of freezing some suspected accounts of money laundery and terrorism activities three months prior to the ENDSARS protest has vindicated the apex bank.

The group in a statement in Abuja on Monday, signed by Chief Terna Atule said it adopted the the position of Justice John Tsoho during the commencement of the 2020/2021 legal year in Abuja.

According to the statement, the body of Senior Advocates and the Nigerian Bar Association had cast aspersions on the CBN as well as the court referencing the issue of frozen account as an indices during the occasion.

“However, we are proud of the boldness of Justice John Tsoho who clarified and maintained that the CBN had instituted legal processes to freeze those accounts three months before the ENDSARS protests and wondered why the apex bank name would be dragged in what he described as a desperate measure to save the economy against the dollar.

“We totally adopt this position, having come from the horses mouth, it is now clear that the CBN had no premonition that ENDSARS protests would occur in three months so couldn’t have targeted any individual or organization. What the CBN has always done to our knowledge is to be proactive to secure the economy against any eventuality.

“We also want to amplify that if the affected organizations who were hitherto suspected to be involved in money laundering and terrorism would later be caught up in ENDSARS protests three months later, then it calls for concern.

“The CBN deserves accolades for their foresight in defense of the Nigerian economy, the group noted.

It further averred that the court is not just the last resort of the common man but of all corporate entities who believe in the rule of law.

It is unfair and unfortunate to vilify both the judiciary and the apex bank in pursuit of political and personal endeavors , the group insisted.

Hot this week

Editors Urge Government To Create Safe, Enabling Environment For Journalists

· Ask security agents to find missing Vanguard journalistAs...

EXCLUSIVE: Buhari orders probe of Isa Funtua, AMCON over keystone and Etisalat

Following the controversy generated by the leading opposition party,...

6 Signs your boyfriend thinks you are ugly -Take note of No. 2

They say there are three kinds of people; the...

2023: South-East, Middle Belt Forum Endorses Peter Obi

The South-East and Middle Belt Forum has endorsed the...

Judge Faces Compulsory Retirement for Misconduct in Kogi

By Noah Ocheni, LokojaAn area court Judge, Alemeru Adekunle...

NCSP DG Tegbe partners NIPC to Boost Chinese Investment in Nigeria

In a significant step toward enhancing foreign direct investment...

America Makes History: First U.S.-Born Pope Elected!

In a landmark moment for the Catholic Church, American-born...

Media Salon Emphasizes One-China Principle in China-Nigeria Ties

A media salon focusing on the One-China principle as...

Kaduna Ramps Up Resident Mobilisation for State Identity Card Registration

The Kaduna State Residents Identity Management Agency (KADRIMA) has...

Stakeholders Push for Urgent Telecom Reforms as Tech Disruptions Accelerate

With emerging technologies like Artificial Intelligence (AI), quantum computing,...

DSS Arrests Five Over Kidnap, Murder of One-Year-Old in Kano

The Department of State Services (DSS) has arrested five...

Wigwe Helicopter Crash: U.S. Operator May Face Criminal Charges

The operators of the helicopter that crashed and claimed...
spot_img

Related Articles

Popular Categories

spot_imgspot_img