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Court grants EFCC order to freeze 1,146 accounts over ‘unauthorised foreign exchange’ transactions

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A federal high court in Abuja has granted an interim order to the Economic and Financial Crimes Commission (EFCC) to freeze at least 1,146 bank accounts belonging to individuals and companies over “unauthorised foreign exchange” transactions.

The commission is also investigating the individuals for “money laundering and terrorism financing”.

 

Emeka Nwite, the presiding judge, granted the order while ruling on an ex-parte motion moved by Ekele Iheanacho, counsel to the EFCC.

 

The court also ordered the commission to conclude the investigation within 90 days.

 

“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,” the judge ruled.

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NAN reports that though the ruling was delivered on April 24, the certified true copy was seen on Monday.

 

The motion by the anti-graft agency was brought under 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 and under the inherent jurisdiction of the court.

 

The commission said, “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 cryptocurrency exchange platforms to illegally manipulate the value of Naira and launder proceeds of unlawful activities,” the agency added in the motion filed before the court.

 

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

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Nwite consequently adjourned the matter until July 23 for mention.

 

Some of the account names mentioned in the attached schedule 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 Nmamdi, GTBank account number: 0449088666

 

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 Asuquo, Opay Digital Services Ltd account number: 9020132068.

 

Others are Akingbade Sabit Juwon, ECONANK account number: 3442053006; Nsofor Nnamdi, Union Bank account number: 0140460572; Asuquo 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 Ajala, Fidelity Bank account number: 5090680780, among others.

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Bauchi Gov Bala Mohammed dumps PDP for APM

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Governor Bala Mohammed of Bauchi state has resigned his membership of the Peoples Democratic Congress (PDP).

The governor announced his decision to join the Allied Peoples Movement (APM) during a stakeholders’ meeting on Saturday.

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I don’t reply when Obi’s supporters abuse me because I want peace —Amaechi

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Former governor of Rivers state and ex-minister of transportation, Rotimi Amaechi, has claimed that supporters of Peter Obi, the 2023 Labour Party (LP) presidential candidate, have “abused” him, but that he has refused to respond.

Amaechi spoke on Friday in Lagos at a town hall convened by his supporters under the aegis of the African Democratic Congress (ADC) progressive movement.

He said he has warned his supporters to argue with facts instead of engaging in online abuse of party chieftains or political opponents.

“My people don’t fight. Have you seen any Amaechi person fighting on social media? It is between Atiku people and the Obi people. And Obi people are abusing me; we never reply,” he said, according to a video posted on X by CRA27 Advocacy, his campaign network.

“It’s not because we don’t know English or we cannot reply. The reason we don’t reply is that we always want peace.”

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He said his camp avoids verbal attacks to keep the opposition united ahead of the elections.

“There are things you say when you want to win, because it becomes difficult to bring everybody together. Because we know we will win, we’re not abusing everybody, so we can bring everyone together. I’m careful what I say,” he said.

“My team is under permanent instruction: don’t abuse anybody in ADC. Even Mr President — don’t abuse the president, show the facts.”

Amaechi, who contested for the presidency in 2023 on the platform of the All Progressives Congress (APC), but came second in the primary won by President Bola Tinubu, officially joined the ADC on March 6 and is seeking the party’s 2027 presidential ticket alongside Obi and former Vice-President Atiku Abubakar.

At the Lagos event, Amaechi reiterated his ambition, urging Nigerians to assess his record against that of Obi and the former vice-president.

“Compare me to Peter Obi — we were governors at the same time. If he’s a better governor, please choose him. Although the former vice-president was not a governor, he was once a vice-president. Compare my role as governor, as minister, with the role he played as vice-president. If he’s a better person, please choose him,” he said.

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He added that he played more roles in public service than the other ADC figures, citing his hands-on approach to infrastructure projects.

“When you are sleeping, I’m running on this track, coming back to Lagos by 2 a.m. As minister, from Ibadan, making sure this job was completed on time — I wasn’t sitting in my office writing or reading memos. I made sure that either once or twice a month, I’m on this track. When we were building Kaduna–Kano, the same thing,” he said.

Amaechi described himself as a “practical man” who understands realities on the ground.

“I’m young. I’m on the street. I know what the problems are. As a minister, as a former governor, I eat in the same restaurants people eat. I don’t go to all these big men’s restaurants because they don’t give me the kind of food I ate when I was small,” he said.

He urged supporters of Obi and Atiku to close ranks, warning that internal divisions could weaken the opposition.

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“If you cause this kind of friction, it will be difficult to come together to defeat Tinubu. Focus on defeating Tinubu. On the day of the primary, go and vote for your own candidate, so that when your candidate wins, you’ll be able to bring everybody together,” he said.

Amaechi added that political leaders are influenced by their supporters, warning that persistent hostility could undermine future cooperation within the party.

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Former Adamawa APC governorship candidate, Binani dumps ADC for NDC

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Nine months after leaving the All Progressives Congress (APC) to join the African Democratic Congress (ADC, Aisha ‘Binani’ Dahiru, who was the 2023 governorship candidate of the APC in Adamawa state, has defected to the Nigeria Democratic Congress (NDC).

The move, which was announced on Friday, comes exactly nine months after she left the APC for the ADC.

Binani was presented with her NDC membership card at a ceremony where Seriake Dickson, the party’s national leader, welcomed her and announced her as the head of the NDC in Adamawa, pending internal democratic processes.

Speaking at the event, the former governorship candidate said she was drawn to the NDC after a careful study of its constitution.

According to her, the NDC constitution demonstrates “a strong commitment to structured, policy-driven governance.”

“Some may point out that just nine months ago, I was at another party. Let me say clearly that I will never condemn where I came from,” she said.

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“Politics is dynamic and often local in nature, and decisions are made based on prevailing realities.”

Binani said she was encouraged by her supporters to move to the NDC.

“About nine months ago, we collectively made the decision to join our former party. But over time, for reasons best known to them, my supporters felt it was necessary to move on. They took the initiative and urged me to join the NDC,” she said.

According to her, loyalists had already built significant inroads into the NDC before her formal declaration, resulting in Adamawa recording the highest number of registered members in the party.

“I always say that no individual can succeed in politics alone. It is the supporters who drive the process, build the foundation, and sustain the journey,” she added.

She expressed gratitude to the NDC’s national working committee (NWC) for the warm reception and called for “fairness, equity, justice, transparency, and, most importantly, the strengthening of internal democracy” within the party.

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While welcoming Binani and her supporters, Dickson, described the party as an inclusive platform ready to accommodate new entrants and expand its base.

“This party is open, inclusive, and ready to harness your energy, ideas, and strength. My dear sister, once again, you are welcome,” the former governor of Bayelsa said.

“As the chairman has rightly said, the flag of leadership of the NDC in Adamawa has now been handed over to you.

“We are confident that when the party’s democratic processes are concluded, we will gather again in Adamawa to formally engage with the good people of the state and to continue building this movement together.”

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