A Federal High Court in Abuja has approved the Economic and Financial Crimes Commission’s (EFCC) request to freeze 67 bank accounts linked to an alleged ₦52.9 million fraud case. Key Highlights:Justice Emeka Nwite granted the EFCC’s application after the agency’s counsel, Martha Babatunde, presented an ex-parte motion. The motion, filed under suit number FHC/ABJ/CS/1895/V/2024, sought permission to halt transactions in these accounts pending the conclusion of investigations. The accounts, domiciled in various banks, reportedly contain proceeds of a crime linked to unauthorized withdrawals and internet fraud. Details of the Case The investigation began following a criminal petition submitted to the EFCC on October 17, 2023, by Advance Development Services Engineering Limited (ADSEL). The complaint accused Taiwo Abubakar Oluwajuwon and Heasy Enterprises of fraudulent activities involving ₦52.9 million. According to the EFCC’s investigator, Ikenna Chukwueze, a preliminary investigation revealed: The EFCC presented several exhibits to support their findings, including account statements of the alleged beneficiaries and details of the transactions. EFCC’s Request The EFCC argued that freezing the accounts is essential to prevent the dissipation of the fraud proceeds while investigations continue. Justice Nwite approved the application, noting its merit, and set the next hearing date for March 24, 2024. Investigation Insights Chukwueze disclosed that a BVN search revealed additional accounts linked to the suspects, further complicating the case. Key findings include: The EFCC emphasized that freezing these accounts is critical to preserving the funds while investigations proceed. READ ALSO: Follow the LMSINT MEDIA channel on WhatsApp: Join Our WhatsApp Group Hear: Chat on WhatsApp Join our Telegram Chanel.
