Forex market scam: CBN gets nod to freeze suspects' accounts

Justice Muslim Hassan made the order following an ex parte application by Central Bank of Nigeria Governor, Godwin Emefiele.

The names of the four bank accounts frozen by Justice Hassan are: Raufu Folashade, Yusufu Ali, Ali Yusufu and Ali Yusufu. Its counsel, Adekola Mustapha, told Justice Hassan that there was an urgent need to freeze the four bank accounts because “there is a strong probability that the respondents may tamper with the funds currently in their various bank accounts, which are strongly connected to or being strongly suspected to be proceeds of the serious infractions of the foreign exchange market regulations.”

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