Home Breaking News CBN Reveals Reason For Freezing #Endsars Protesters Accounts

CBN Reveals Reason For Freezing #Endsars Protesters Accounts

by Amadu Victor
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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.

OYOGist.com has now garnered that the reason for the action has now been unravelled as contained in a case with suit number FHC/ABJ/CS/1384/2020, filed before Justice A. R. Mohammed of Abuja Federal High Court.

It would be recalled that the request to freeze the accounts of those linked to the EndSARS protests was granted in an ex parte order.

The affected individuals are twenty (20) in number. It has now been revealed that the CBN, while requesting the court order, argued that the funding of the EndSARS movement might have emanated from terrorist activities.

The apex bank 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 through 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.”


Meanwhile, A group, March4Nigeria on Monday, November 9, alleged that members of the EndSARS campaign are mobilizing funds using cryptocurrency.

The national secretary of the March4Nigeria, Bello Onimisi, said funds for the exercise has already been ”laundered online using cryptocurrencies.”

Onimisi condemned an alleged move to incite Nigerians back into the streets, stating that it could jeopardize the Federal Government’s proposed police reform.

Also calling on parents to guide their children against being used as agents of destruction, Onimisi said law-abiding citizens must be protected by relevant security agencies at all costs.

He said : “They should impress on the young people that there are laws in Nigeria and the law is either on one’s side or against one,depending on what choices the individual makes.”

Onimisi further distanced the group from plans to destabilise governance and other activities across the country.

He said some dangerous elements that attacked Nigeria have only retained the EndSARS label even when SARS has been terminated.

His words: ” It has no relationship or connection whatsoever with the original protest against police brutality, high handedness,abuse of human rights, and extra-judicial execution.”

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