The Federal High Court in Abuja has granted an interim order requested by the Economic and Financial Crimes Commission (EFCC) to freeze 1,146 bank accounts linked to individuals and companies. This action is due to allegations including unauthorized foreign exchange dealings.
The EFCC is also investigating offenses related to money laundering and terrorism financing in connection with the frozen bank accounts.
Justice Emeka Nwite, in a ruling on the ex-parte motion moved by counsel for the anti-graft agency, Ekele Iheanacho, also granted the commission’s application to conclude the investigation within 90 days.
Justice Nwite said: “It is hereby ordered as follows:
“That the applicant’s application is hereby granted as prayed.
“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.”
