This decision was made by Justice Emeka Nwite of the Federal High Court in Abuja, following an ex-parte motion filed by EFCC counsel, Martha Babatunde.
The investigation began with a criminal petition received on October 17, 2023, alleging internet-related fraud, conspiracy, and unauthorized withdrawal. Preliminary findings revealed that ₦50 million was withdrawn from a corporate account and transferred to an account at Moniepoint Microfinance Bank.
The EFCC argued that the bank accounts in question contained proceeds of crime and needed to be frozen to prevent fund dissipation. The accounts are domiciled across various banks, including:
Union Bank
Stanbic Bank
GTBank
Wema Bank
OPAY
Zenith Bank
KUDA
UBA
FCMB
Moniepoint
Keystone Bank
Access Bank
Providus Bank
Globus Bank
Polaris Bank
Standard Chartered Bank
TAJ Bank
First Bank
PALMPAY
VFD Microfinance Bank
The court order allows the EFCC to freeze the accounts for 90 days, pending the conclusion of the investigation.
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