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| Wilson Uwujaren |
The Economic and Financial Crimes Commission, EFCC has given reasons for freezing bank accounts of individuals, groups and organisations being investigated for corruption. It says the measure was to facilitate investigation of those concerned.
The commission in a statement by its spokesman, WILSON UWUJAREN also explained that freezing of accounts suspected of being used to commit financial crimes is a mandatory investigative step backed by law.
He said Section 34 (1) of the EFCC Act 2004 empowers the commission to freeze any account suspected of being used for financial crimes.
UWUJAREN further added that the provision in the Money Laundering Prohibition Act 2012 (as amended), also empowers the EFCC Chairman or his representatives to place a stop order on any account or transaction suspected to be involved in any crime.
In recent times, a lot of interest has been generated by the action of the Commission in freezing the accounts of suspects that are being for corruption with some alleging that the commission is being used by government to fight perceived enemies.
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