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EFCC Secures Court Order to Freeze 24 Bank Accounts Over Terrorism Financing Allegations

A Federal High Court in Abuja has approved the Economic and Financial Crimes Commission (EFCC) to freeze 24 bank accounts across various banks due to allegations of terrorism financing.

Justice Emeka Nwite granted this order after EFCC lawyer Martha Babatunde filed an ex-parte motion, allowing the accounts to be frozen for 90 days while investigations are ongoing.

The motion, filed by Ekele Iheanacho, SAN, concerns accounts owned by Lawrence Lucky Eromosele, who is under investigation for kidnapping.

Investigators believe these accounts are linked to money laundering and terrorism financing activities, involving manipulation of the naira’s value through cryptocurrency exchanges.

Khalil, an investigator with the EFCC’s Special Investigation Team, stated that the group received threats against senior operatives, including specific demands for ransom payments.

He provided evidence of interactions between suspects and the operatives, as well as bank statements linked to the suspects.

After considering the EFCC’s request, Justice Nwite approved the motion and adjourned the case until March 24, 2025, for follow-up.

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Akinlade I. WAHAB is a dedicated journalist and the proprietor of I-WAHAB Media. He embarked on his career at Murhi International TV (MiTV) and subsequently joined Radio Nigeria as a Judicial Correspondent.With a profound interest in legal reporting, he currently holds the positions of Chairman at the National Association of Judicial Correspondents (NAJUC), Ikeja Branch, and Chairman at the Nigeria Union of Journalists (NUJ), Radio Nigeria Chapel.As the owner of I-WAHAB Media, he has successfully established Top Court News, a platform renowned for providing comprehensive coverage of court cases and legal developments, with the aim of promoting transparency within the judicial system.Akinlade's diligent work and unwavering commitment to ethical reporting have earned him immense respect within the Nigerian journalism community.

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