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    “CBN should stay out of politics and stick to banking”-Falana

    Chronicle EditorBy Chronicle EditorFebruary 11, 20211 Comment2 Mins Read
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    Senior Advocate of Nigeria (SAN), Femi Falana says the Central Bank of Nigeria cannot appeal the court judgment unfreezing the bank account of twenty (20) #EndSARS campaigners.

    Falana, who was a guest on Channels Television’s Sunrise Daily on Thursday, said the apex bank failed to conduct an investigation into the allegation of terrorism and money laundering levelled against the #EndSARS campaigners, and as such, no offense was established.

    The human rights activist noted that while both sides in the matter have withdrawn from the case, his clients would go on to challenge the “gross violation” of their rights to their property.

    The affected campaigners vowed to drag the Federal Government and the CBN to court for trampling on their rights by unlawfully freezing their accounts last October out of “sheer intimidation”.

    READ ALSO: Former Lagos Governor, Lateef Jakande is dead

    The senior advocate asked the CBN to stay out of politics and stick to the business of banking.

    Following the #EndSARS protest that rocked the nation in October 2020, the CBN obtained an injunction from the court to freeze the accounts of certain individuals and a public affairs company linked to the protests, a move which Mr. Falana describes as a case of sheer intimidation.

    Falana argued that the apex bank went out of its way went it froze the campaigners’ accounts argued that the CBN misled the court into believing that some grave offenses had been committed, which would require time to run an investigation.

    “I do hope that sufficient lessons have been learnt particularly by the Central Bank to desist from jumping into the political arena by attempting to freeze the accounts of people who are involved in the struggle one way or the other against the government,” he stated.

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