The Federal High Court Abuja, on Thursday, granted the Economic and Financial Crimes Commission (EFCC)’s request to freeze two bank accounts linked to a 26-year-old Nigerian student based abroad.

According to the EFCC’s Counsel, Richard Dauda in an exparte application number: FHC/ABJ/CS/921/2019, the commission is investigating a Suspicious Transaction Report (STR) received from the Nigerian Financial Intelligence Unit (NFIU) against the suspect, Mr Damilare Oluyemi.

”The investigation revealed that the suspect in the case under investigation is a student who was involved in suspicious transactions between May 11,2018 and June 6, 2018 amounting to 133, 955. 00 dollars and 40, 000 pounds,” he said.

He said investigation further revealed that the suspect had ”substantial amount of funds in his Access Bank account number: 0790473099 and the Guarantee Trust Bank (GTB) account number: 9024884541590 which have not been touched.”

”A copy of the statements of Access Bank and GTB of the suspect is attached and marked as Exhibit EFCC 1 and EFCC 2 respectively,” he said.

Dauda told the court that all effort made to invite the major depositor, Lucy Otubo, has proved abortive, NAN reports.

He said available intelligence report suggested that Otubo had relocated to Turkey and frequently carried out transactions on these accounts.

The counsel said the commission had been making efforts to ensure that the fleeing suspect was tracked and possibly deported back to Nigeria to aid further investigation but efforts so far made had not yielded positive results.

He, therefore, told Justice Taiwo that it had become imperative for the EFCC to apply for a freezing order and an order of interim forfeiture in order yo prevent the suspect from making withdrawals from the listed accounts.

He argued that investigation had not been concluded due to the absence of the principal suspect directly linked to the suspicious transactions who was still at large.

Dauda urged the judge to grant the commission an order to freeze Oluyemi’s accounts for a six-month period.

”We seek an order of this Honourable court granting the chairman of the commission or any officer authorised by him power to instruct a bank examiner to issue an order as specified in Form B of the schedule to the EFCC Act 2004 to bank managers of banks or any person having accounts shown hereunder for six months pending the completion of investigation and possible arraignment,” he said.

Justice Taiwo, however, held that granting a six-month period for freezing the accounts would be too long.

The judge, who ordered that the two bank accounts be frozen for 40 days pending the conclusion of the commission’s investigation, said the owner of the accounts must be put on notice through his banks on the freezing order within 14 days.

He also held that the commission could seek for extension of the days if it was yet to conclude its investigation based on the order of the court.

The judge then adjourned till Oct. 4 for further hearing.

Source: https://hotfrom9ja.com/efcc-to-freeze-two-nigerian-students-accounts/

Leave the man alone joor

Istanbul connect

Many of our youths are thieves

hmmmm

Which kind efcc b this

If they don't know the source of funds why do they want it freezed ..

Useless Efcc, when gandollar is still roaming free spending his dollars. Na for youths una get mouth

what's there concern about someone fund in his personal account? so you cannot have money In peace In your account again, this country Is full of scam even the government now using a way to scam it's citizens.

someone who doesn't reside here, a traveller for that matter

So because he carries out transactions, you want to freeze the account? You expect him to go abroad and fold his hands,so that your president will call him a lazy youth? Because You don't wish to see him progress you termed his transactions suspicious ?
Learn not to overdo.EFCC are now identified with arresting innocent people and freezing accounts.

But I honestly commend them if they detected a fraudster's account. No one should live off someone's life savings.

Why now?
Who will now sponsor us when they come back from obodo oyibo?
Modified: I've read through this like thrice now and I still don't understand. What's his crime? Someone explain please.





See my signature

But why?

So, someone can not be working overseas and deposit money in their own accounts again ?
Nawa o

My country my country..

EFCC Don do another selection.... Go after Danbazo that ex minister

abeniagbon:
what's there concern about someone fund in his personal account? so you cannot have money In peace In your account again, this country Is full of scam even the government now using a way to scam it's citizens.

someone who doesn't reside here, a traveller for that matter

You clearly don't have sense.

We can't distinguish between one chance taxi / Robbers ,Effcc & Sars in Ibadan, they all drive in Micra chasing bikes and cars on sighting young guy in it. Efcc and SARS are moving around without uniform harassing and ripping young guys

NFIU sef. I remember when a huge inflow went into my account and I have not used that account for like two months.
It was instantly flagged by NFIU.
I think, if your account have not received more than 1million in three months, then any inflow above 1m will be flagged.
I went to the bank, presented proof of transactions and dealings, filled out couple of Nfiu forms and all was well and account was unfreeze'd.
Mehn, Nigerians should be worried now because NFIU is no longer under efcc but this time is deadlier as there is an external control and influence as I heard.

Sars just arrest some of them in handcuffs few mins ago around st Mathias pry sch orogun ibadan. Why are some people can't live legitimate life?

meezynetwork:
Istanbul connect

You sharp!

Lol as efcc see money.. now they want their share.. naija na dog eat dog.

Contact me for your Gym and Exercise equipment both Home and Commercial Use

check my signature and profile for more info.

Delivery Within Lagos. Waybill outside lagos.

You want to freeze an account because you don't know the source of the money in it. When there was no money in the account, did you invite the owner to come and answer questions as to why he doesn't have any money?

abeniagbon:
what's there concern about someone fund in his personal account? so you cannot have money In peace In your account again, this country Is full of scam even the government now using a way to scam it's citizens.

someone who doesn't reside here, a traveller for that matter

He's 26 yo

He should just come out and explain how he made the money.

Which work is he doing to have such amount of money in his account a student for that matter abi is he related to Dangote or Otedola abi any known politician that we know

Commentor:
Many of our youths are thieves

So also Is many of our leaders

teexlcusive1:
The Federal High Court Abuja, on Thursday, granted the Economic and Financial Crimes Commission (EFCC)’s request to freeze two bank accounts linked to a 26-year-old Nigerian student based abroad.

According to the EFCC’s Counsel, Richard Dauda in an exparte application number: FHC/ABJ/CS/921/2019, the commission is investigating a Suspicious Transaction Report (STR) received from the Nigerian Financial Intelligence Unit (NFIU) against the suspect, Mr Damilare Oluyemi.

”The investigation revealed that the suspect in the case under investigation is a student who was involved in suspicious transactions between May 11,2018 and June 6, 2018 amounting to 133, 955. 00 dollars and 40, 000 pounds,” he said.

He said investigation further revealed that the suspect had ”substantial amount of funds in his Access Bank account number: 0790473099 and the Guarantee Trust Bank (GTB) account number: 9024884541590 which have not been touched.”

”A copy of the statements of Access Bank and GTB of the suspect is attached and marked as Exhibit EFCC 1 and EFCC 2 respectively,” he said.

Dauda told the court that all effort made to invite the major depositor, Lucy Otubo, has proved abortive, NAN reports.

He said available intelligence report suggested that Otubo had relocated to Turkey and frequently carried out transactions on these accounts.

The counsel said the commission had been making efforts to ensure that the fleeing suspect was tracked and possibly deported back to Nigeria to aid further investigation but efforts so far made had not yielded positive results.

He, therefore, told Justice Taiwo that it had become imperative for the EFCC to apply for a freezing order and an order of interim forfeiture in order yo prevent the suspect from making withdrawals from the listed accounts.

He argued that investigation had not been concluded due to the absence of the principal suspect directly linked to the suspicious transactions who was still at large.

Dauda urged the judge to grant the commission an order to freeze Oluyemi’s accounts for a six-month period.

”We seek an order of this Honourable court granting the chairman of the commission or any officer authorised by him power to instruct a bank examiner to issue an order as specified in Form B of the schedule to the EFCC Act 2004 to bank managers of banks or any person having accounts shown hereunder for six months pending the completion of investigation and possible arraignment,” he said.

Justice Taiwo, however, held that granting a six-month period for freezing the accounts would be too long.

The judge, who ordered that the two bank accounts be frozen for 40 days pending the conclusion of the commission’s investigation, said the owner of the accounts must be put on notice through his banks on the freezing order within 14 days.

He also held that the commission could seek for extension of the days if it was yet to conclude its investigation based on the order of the court.

The judge then adjourned till Oct. 4 for further hearing.

Source: https://hotfrom9ja.com/efcc-to-freeze-two-nigerian-students-accounts/

no brain at all, for you to collect this money it must be tied to fraud,,the EFCC has not bothered to tie teh money to fraud yet they want to hold the account.This is why they lose cases on technicalities!