TINUBU-BUHARI PARTNERSHIP AND OPPOSITION'S DESPERATE SEARCH FOR VALIDATION. (PHOTO). #PRESS RELEASE.

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 TINUBU-BUHARI PARTNERSHIP AND OPPOSITION'S DESPERATE SEARCH FOR VALIDATION   By Tunde Rahman   The special relationship between President Bola Tinubu and former President Muhammadu Buhari has witnessed many remarkable moments. It has experienced dramatic and exciting times, just as there have been challenging moments. Life changing and sweet memories abound between the two great leaders. Between the two great men, there are recollections of might-have-beens. There are also open testimonies about the gains of the partnership and words of commendation as well as scornful moments.   Nonetheless, the two leaders have trudged on to the admiration of their mutual friends and associates, and bewilderment – I dare say, disappointment – of others who would wish both had long parted ways.   About pleasant times, one important moment readily comes to mind. It was towards the end of 2017, two years into the Buhari presidency. The former president was traveling to Abidjan, ...
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COURT GRANTS EFCC ORDER TO FREEZE 1146 SUSPICIOUS ACCOUNTS. (PHOTO). #PRESS RELEASE.

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 Court Grants EFCC Order to Freeze 1146 Suspicious Accounts

 

Justice Emeka Nwite of the Federal High Court Abuja, on Wednesday 24, April, 2024 granted the Economic and Financial Crimes Commission, EFCC, an interim order to freeze One Thousand, One Hundred and Forty Six(1,146) bank accounts belonging to individuals and companies being investigated for alleged offences bordering on unauthorized dealing in forex exchange, money laundering and terrorism financing.

 

The judge ordered that the accounts be frozen “pending conclusion of investigation."

 

While ruling on a motion moved by the EFCC counsel, Ekele Iheanacho, the judge stated “that an order of this honorable 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 unauthorized dealing in foreign exchange, money laundering and terrorism financing to the extent that the investigation will be for a period of 90 (ninety) days.”

 

The judge added "that preliminary investigation conducted thus far reveals that the bank accounts are linked to persons who take advantage of the virtual cryptocurrency exchange platforms to illegally manipulate the value of naira and laundering proceeds of unlawful activities." 


The judge further stated that there was need to preserve the funds in the identified bank accounts pending conclusion of investigation and possible prosecution.

Justice Nwite adjourned the matter to July 23, 2024, for mention.


Companies affected by the freezing order range from entities involved in  agri-businesses, logistics and haulage, microfinance banks, engineering,  among others.

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