News
CBN obtains court order to freeze #EndSARS promoters’ accounts


The Central Bank of Nigeria has obtained a court order to freeze the accounts of 20 #EndSARS promoters till January 2021.
The order was pursuant to a motion ex parte filed by the CBN before a Federal High Court.
The certified true copy of the order obtained by an online medium, Peoples Gazette, showed that the CBN applied for the restriction of the 20 accounts on October 20 which was several days after it had already ordered commercial banks to freeze the accounts.
The suit marked FHC/ABJ/CS/1384/2020 listed the 20 defendants as – Bolatito Oduala, Chima Ibebunjoh, Mary Kpengwa, Gatefield Nigeria Limited, Saadat Bibi, Bassey Israel, Wisdom Obi, Nicholas Osazele, Ebere Idibie, Akintomide Yusuf, Uhuo Promise, Mosopefoluwa Odeseye and Adegoke Emmanuel.
Others include Umoh Ekanem, Babatunde Segun, Mulu Teghenan, Mary Oshifowora, Winifred Jacob, Victor Solomon, and Idunu Williams.
The banks where the accounts are domiciled include Access Bank, Guaranty Trust Bank, Fidelity Bank, First Bank, United Bank for Africa, and Zenith Bank.
The lawyers representing the CBN were led by a former Attorney-General of the Federation, Michael Aondoakaa (SAN).
Justice A.R Mohammed ordered that the accounts should be frozen for the next 90 days subject to renewal.
“It is hereby ordered as follows, ‘A mandatory order is made empowering the plaintiff/applicant to direct the head office of Access Bank of Nigeria Plc, Fidelity Bank Plc, First Bank of Nigeria Plc, Guaranty Trust Bank Plc, United Bank for Africa Plc and Zenith Bank Plc to freeze forthwith all transactions on the 20 bank accounts listed for a period of 90 days pending the outcome of investigation and inquiry currently being conducted by the Central Bank of Nigeria.
“It is, however, directed that the 90-day freezing order, when it lapses, may be renewed upon good cause shown by the applicant.
“It is also directed that any person, whether artificial or natural, that is affected by this order may apply to the court to have his grievance or complaint heard by the court. The suit is adjourned till February 4, 2021.”
It was, however, observed that the judge did not order that the defendants be served with any court process, thereby leaving them unaware of the restriction of their accounts.
The PUNCH had reported on Wednesday that the Federal Government had clamped down on notable persons who took part in the #EndSARS protests.
The Nigeria Immigration Service had on Sunday prevented one of such persons, Modupe Odele aka Mochievous, from leaving the country and seized her passport.
The Rivers State medical coordinator of the #EndSARS protest, Bassey Israel, had also told this newspaper that his account was frozen and had threatened to sue the bank.
-The Punch
News
Just in: CBN Governor Godwin Emefiele suspended


Just in: CBN Governor Godwin Emefiele suspended
President Bola Tinubu has suspended Godwin Emefiele, the governor of the Central Bank of Nigeria (CBN).
The announcement came on Friday from the office of the secretary to the government of the federation.
Willie Bassey, director of information at the SGF office, in a statement said the suspension was with immediate effect.
The press release
The statement read, “President Bola Ahmed Tinubu has suspended the Central Bank Governor, Mr Godwin Emefiele, CFR, from office with immediate effect.
“This is sequel to the ongoing investigation of his office and the planned reforms in the financial sector of the economy.
“Mr Emefiele has been directed to immediately hand over the affairs of his office to the Deputy Governor (Operations Directorate), who will act as the Central Bank Governor pending the conclusion of investigation and the reforms.”
News
We don’t envy Tinubu, says Sultan during monarchs visit to State House


We don’t envy Tinubu, says Sultan during monarchs visit to State House
Traditional on Friday paid a visit to President Bola Tinubu at State House conference centre, Abuja.
They were led by Sultan of Sokoto, Muhammad Abubakar Sa’ad, who said the visit was customary by the monarchs whenever there is a change in leadership of the country.
According to the Sultan, the monarchs do not envy Tinubu at this time, with the numerous challenges facing the country.
He, however, expressed confidence that with the combination of himself and Vice-President Kashim Shettima, they would deliver.
“We thank God for the smooth way the elections took place. Many negative people thought this country will collapse but we are still here,” he said.
“We are here for you, for our people and our country. If you don’t reach out to us, we will reach out to you.
“We wish you the most successful tenure in good health.”
Ooni of Ife, Oba Adeyeye Ogunwusi, who also spoke at the meeting, urged President Tinubu to make use of traditional rulers to tackle the issue of insecurity in the country.
The monarch said Tinubu should not underestimate what traditional rulers could do, given their closeness to the people.
“There are areas we will like to work with you, one of which is security. It is time to use us the more, we are not saying we are idle…but to make your work easier, use us,” he said.
“The foundation of this country today are the traditional rulers. We are here to pledge our loyalty and support. We want to work with you to ensure you leave a legacy.”
Vice President Kashim Shettima attended the meeting along with the Secretary to the Government of the Federation (SGF), Senator George Akume.
Other monarchs present are Emir of Kano, Obi of Onitsha, Tor Tiv, Etsu Nupe, Deji of Akure, Shehu of Borno, Elegushi of Ikate, Jaja of Opobo, Lamido of Adamawa, Emir of Zauzzau, Gbong Gwom Jos, Attah Igala, Alake of Egbaland, Shehu of Borno, a representative of the Oba of Benin.
News
Sanwo-Olu appoints NPC commissioner Salu-Hundeyin as new SSG


Sanwo-Olu appoints NPC commissioner Salu-Hundeyin as new SSG
Lagos State Governor, Bababjide Sanwo-Olu, has announced the first appointment of aides as he named Tayo Ayinde as his Chief of Staff.
The govermor also reappointed Gboyega Soyanwo as Deputy Chief of Staff.
The governor announced this on Thursday on the state television.
He made Bimbola Salu-Hundeyin as Secretary to the State Government.
Salu-Hundeyin, who is a barrister and solicitor of the Supreme Court of Nigeria, replaces Mrs Folashade Jaji, a former Lagos Head of Service.
She was untill her latest appointment Lagos Commissioner of National Population Commission.
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