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HomeNewsCBN Places Restrictions on Accounts of EndSARS Promoters

CBN Places Restrictions on Accounts of EndSARS Promoters

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There were strong indications on Tuesday that the Federal Government had begun a clampdown on promoters of #EndSARS protests by freezing their bank accounts.
Some #EndSARS promoters said their banks informed them that the Central Bank of Nigeria had directed that their accounts be frozen.
Last month, youths calling for the disbanding of the Special Anti-Robbery Squad of the Nigeria Police protested for two weeks in major cities of the country.
On Tuesday, some promoters of the protests said their accounts had been frozen for the past two weeks.
The CBN, according to multiple complaints received, reportedly instructed banks to place a ‘Post No Debit’ restriction on the accounts.
The banks, it was learnt, were able to implement the directive by tracking the ‘narration’ of transactions.
Bank transactions that included the narration #EndSARS or End SARS were immediately flagged while such accounts receiving funds were frozen.
Speaking, a pharmacist, Bassey Israel, who was in charge of the #EndSARS medical team in Port Harcourt, said his account with Access Bank marked 003397XXXX had remained frozen since October 15.
According to him, when he learnt of the development, he went to the bank to find out the reason for it. Israel said he was informed by a bank officer that the directive came from the apex bank.
He said, “I am in charge of End SARS medical team in Port Harcourt and we had people donating for medical supplies, food, water, ambulance services and these donations were made directly into my account and of course these donations had End SARS descriptions so I think that was how they were able to flag my account. I noticed that on October 15, I was trying to make a debit transaction on my account and noticed that there was a restriction. So, I called the bank and I was told that there was indeed a restriction but I should go to any branch near me and when I did so, the branch manager sent a mail to the branch where I opened the account. The response to the mail was that there was a directive from the CBN to restrict the account. The lady was surprised and even asked me if I had any issue with the CBN and I responded that if I had any issue with the CBN, I wouldn’t be in the bank in the first place, I would be on the run. I asked what could be done and she gave me no answer. She had to  show me the mail on her computer which I read. It was directly from the CBN and it read, ‘Place this account on PND”.
When asked if others had similar problems, Israel said, “I know many persons that have this same challenge”.
Israel said the money in the frozen account was a substantial sum.
Another #EndSARS protester told one of  our correspondents that she had not been able to access her account and had been informed that it was frozen.
She, however, wished to remain anonymous for fear of being victimised by the government.
One of the promoters of the #EndSARS movement, Feyikemi Abudu, also confirmed in a tweet that the accounts of several persons involved in the protests had been frozen.
The acting Spokesman for the CBN, Abdulmumin Isa, who was first contacted last week on the telephone, asked the correspondent to give him some time.
However, after one week of waiting, Isa had yet to provide any information on the matter.
The Spokesman for Access Bank, Abdul Imoyo, said he could not make comments on individual accounts of customers for confidentiality reasons.
Meanwhile, the Nigeria Immigration Service on Monday prevented a promoter of the #EndSARS movement, Modupe Odele, from travelling.

See also  #EndSARS: Chartered Architects Promise Free Rebuilding Technical Services to Police Stations, Others

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