Chief Judge of the Federal High Court, Justice John Tsoho
has said the freezing of #EndSARS protesters’ bank accounts saved Nigeria as a
nation.
Tsoho, speaking at a ceremony to mark the federal high
court’s 2020/2021 legal year, said if the step was not taken, the Nigerian
economy could have collapsed at that point in time.
Recall that a Federal High Court in Abuja had granted the order
by the Central Bank of Nigeria, CBN, to freeze accounts belonging to End SARS
promoters in Nigeria.
The Chief Judge added that freezing of the #EndSARS protesters’ bank accounts also prevented the dollar from exchanging above N500.
Tsoho said; “Three months before the protest, CBN kept
bringing applications, almost in their hundreds, based on what they call
deliberate resolve to ruin the economy through money laundering.
“But the names were mostly of corporate bodies. So if it was
the #EndSars people who started that arrangement undercover, then it is
unfortunate. So maybe in the course of issuing those orders, they were
uncovered.
“I’m sorry, I may have breached security but I would not
know because it is very irritating for people to fail to verify news and just
come up with damaging allegations.
“From what I gathered, if that step was not taken, the
Nigerian economy could have collapsed at that point in time.”
According to the Chief Judge, the discovery of those
accounts linked to End SARS protesters made CBN seek order to freeze the bank
accounts.
“The dollar would have already exchanged for far above N500.
So it was that discovery that prompted the CBN to bring those applications and
the orders granted temporarily saved the situation,” Tsoho added.
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Fela! Lawyer way dey do like economist na ........
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