According to reports, the Central Bank of Nigeria (CBN) has denied claims that it was planning to confiscate funds in domiciliary accounts of individuals, saying the claim was “false”.
The CBN also said yesterday that it does not have any plan to amend the nation’s Foreign-Exchange Act to sanction anyone found hoarding foreign currencies, as earlier rumoured.
“To the best of my knowledge, the Central Bank of Nigeria (CBN) has not proposed any bill seeking to arrest and jail persons holding foreign […]
According to reports, the Central Bank of Nigerian(CBN) has ordered all commercial banks to freeze accounts used by illegal International Money Transfer Operators(IMTOs) to siphon hard currencies to the black market just as it warns Nigerians abroad to stay away from such operators.
According to the apex bank, the illegal IMTOs lure customers with ridiculous exchange rate and use Naira accounts opened in local banks to channel foreign currencies to fund the parallel market.
In a statement by its acting Director, Corporate […]
A civil rights organisation, Coalition Against Terrorism and Extremism, has called on the Federal Government to move a step further by placing a nationwide ban on the activities of the Islamic Movement in Nigeria, led by Ibraheem El-Zakzaky.
According to CATE, government should take further the recent order by the Kaduna State Government, which banned the group from operating in the state, “by ordering the immediate freezing of the bank accounts illegally operated by IMN.”
The Secretary-General of the group, Daniel Obaje, […]
President of the Ijaw Youth Council (IYC), Udengs Eradiri has alleged that the Federal Government is plotting to freeze accounts belonging to former President Goodluck Jonathan.
Eradiri alleged in a statement yesterday that government will deploy the services of the Economic and Financial Crimes Commission(EFCC) to achieve that aim.
According to Eradiri, information at his disposal indicated that the EFCC has frozen Jonathan’s account under the guise of investigation.
He said in an interview that the federal government should not push to Niger […]
Controversial Cool FM On-Air Personality, OAP, born Ifedapo Oyerinde, popularly known as Freeze has addressed his alleged ‘war of words’ with Comedian- Basketmouth.
The OAP revealed the reason behind the feud in a Chat with Pulse.
He expressed his admiration for Basketmouth because he encouraged him when no one else would.
He said: “You see, there’s a point in the conversation that I cannot have for legal reasons, but there was an alliance that was broken and Basketmouth took the other side or […]
Cool FM’s On-Air Personality, OAP, born Ifedapo Oyerinde, popularly known as Freeze, has again addressed his ‘sack’ saga.
The controversial media personality announced that he has resumed back at CoolFM.
Freeze shared a video of himself driving to the company’s head office where he will be airing his afternoon show alongside, Dj Xclusive and Kaylah Oniwo on his Instagram page,
He captioned the video: Arriving @coolfmlagos for my show this afternoon!
“Listen to the #RoadShow with @kaylahoniwo @djxclusive83 and I, it’s going to be […]
After photos emerged online that Zenith Bank workers went to meet his Excellency, Governor Ayo Fayose and allegedly knelt down before him apologising for deny on social media that they never funded his campaign, OAP freeze has threatened to stop banking with them. Freeze who was so disappointed took to his IG to say this
After photos emerged online that Zenith Bank workers went to meet his Excellency, Governor Ayo Fayose and allegedly knelt down before him apologising for deny […]
Lagos lawyer, Femi Falana (SAN), has said the Economic and Financial Crimes Commission (EFCC) is legally right to freeze the account of Ekiti State Governor, Ayodele Fayose.
Falana made the declaration in a statement titled: “Fayose’s Shallow Defence” issued in Lagos on Thursday while reacting to the governor’s claim that the agency acted illegally because he enjoyed immunity as a governor.
Falana contended that the governor, by various statements credited to him since the incident occurred has given further credibility to the […]
The Dean of Faculty of law, Enugu state University of Science and Technology, ESUT, Prof Frank Asogwa, has said the constitution empowers the Economic and Financial Crimes Commission, EFCC, to freeze the account of any sitting governor if suspected to be invlved in illegal financial practice and money laundering.
The don was reacting to a statement by the Ekiti State Governor, Ayodele Fayose, who on Monday revealed how he was unable to conduct financial transactions at a Zenith Bank branch in […]
Dr. Kayode Ajulo, a constitutional lawyer and former national secretary of the Labour Party, has described the freezing of Governor Ayodele Fayose’s account as “illegal”.
Ajulo who was reacting to the Economic Financial Crimes Commission’s (EFCC) order that the Ekiti state governor’s account be freezed said it was an abuse of the immunity that covers governors in Nigeria.
In a statement issued on Tuesday, he said he received the news with shock, arguing that, EFCC has no legal ground to freeze Fayose’s […]
The spokesperson of EFCC, Wilson Uwujaren, says the agency has the right to freeze the accounts of Ekiti state governor, Ayo Fayose, even though he enjoys immunity under the constitution.
Speaking with Newsmen, Uwujaren said the immunity being enjoyed by any governor doesn’t prevent the commission from investigating suspicious movements of money into his accounts.
“Immunity does not prevent EFCC from investigating suspicious accounts of those enjoying immunity and Fayose cannot be an exception, “he said Fayose’s account with Zenith bank was […]