• Why we freeze suspects’ bank accounts – EFCC explains

    Why we freeze suspects’ bank accounts – EFCC explains

    The Economic and Financial Crimes Commission (EFCC) yesterday rose in stout defence of freezing accounts of suspects under investigation, saying it was lawful.

    Reacting to allegations of vindictiveness levied against the commission, EFCC, in a statement explained that freezing of accounts of suspects believed to have been used for financial crimes was mandatory.

    “In order to prevent misinformation, it is imperative to explain the reason behind the Commission’s actions in this regard.

    “Freezing of bank accounts suspected of being used for commission of […]