Court approves EFCC’s request to freeze 24 Bank accounts

Justice Emeka Nwite of the Federal High Court in Abuja has approved an application by the Economic and Financial Crimes Commission (EFCC) to freeze 24 bank accounts over allegations of terrorism financing.

The order, granted after EFCC counsel Martha Babatunde presented an ex-parte motion, allows the accounts to be frozen for 90 days while investigations are concluded.

The accounts, linked to Lawrence Eromosele, are under investigation in a case involving kidnapping, money laundering, and terrorism financing.

Preliminary findings suggest the accounts were used to exploit cryptocurrency exchange platforms, manipulate the naira’s value, and launder proceeds of illegal activities.