Justice Emeka Nwite of the Federal High Court Abuja has granted the Economic and Financial Crimes Commission , an interim order to freeze 1,146 bank accounts belonging to individuals and companies being investigated for alleged offences bordering on unauthorised dealing in forex exchange, money laundering and terrorism financing.
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.Companies affected by the freezing order range from entities involved in agro-businesses, logistics and haulage, microfinance banks, engineering, among others.
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