Stress As FG Clamps Down On #EndSARS Promoters, Freezes Accounts

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In line with The PUNCH reviews, sturdy indications have emerged on Tuesday that the Federal Authorities had begun a clampdown on promoters of #EndSARS protests by freezing their financial institution accounts.

Some #EndSARS promoters, who spoke individually to The PUNCH,  mentioned their banks knowledgeable them that the Central Financial institution of Nigeria had directed that their accounts must be frozen.

Final months, youths calling for the disbanding of the Particular Anti-Theft Squad of the Nigeria Police protested for 2 weeks in main cities of the nation.

On Tuesday, some promoters of the protests mentioned their accounts had been frozen for the previous two weeks.

The CBN, in line with a number of complaints obtained by The PUNCH, reportedly instructed banks to position a ‘Put up No Debit’ restriction on the accounts.

The banks, it was learnt, have been in a position to implement the directive by monitoring the ‘narration’ of transactions.

Financial institution transactions that included the narration #EndSARS or Finish SARS have been instantly flagged whereas such accounts receiving funds have been frozen.

Chatting with The PUNCH, a pharmacist, Bassey Israel, who was in control of the #EndSARS medical staff in Port Harcourt, mentioned his account with Entry Financial institution marked 003397XXXX had remained frozen since October 15.

In line with him, when he learnt of the event, he went to the financial institution to search out out the explanation for it. Israel mentioned he was knowledgeable by a financial institution officer that the directive got here from the apex financial institution.

He mentioned, “I’m in control of Finish SARS medical staff in Port Harcourt and we had individuals donating for medical provides, meals, water, ambulance companies and these donations have been made straight into my account and naturally these donations had Finish SARS descriptions so I believe that was how they have been in a position to flag my account. I observed that on October 15, I used to be making an attempt to make a debit transaction on my account and observed that there was a restriction.

“So, I known as the financial institution and I used to be instructed that there was certainly a restriction however I ought to go to any department close to me and once I did so, the department supervisor despatched a mail to the department the place I opened the account. The response to the mail was that there was a directive from the CBN to limit the account.

“The girl was stunned and even requested me if I had any concern with the CBN and I responded that if I had any concern with the CBN, I wouldn’t be within the financial institution within the first place, I’d be on the run. I requested what might be performed and he or she gave me no reply. She needed to  present me the mail on her laptop which I learn. It was straight from the CBN and it learn, ‘Place this account on PND.”

When requested if others had related issues, Israel mentioned, “I do know many individuals which have this identical problem.”

Israel mentioned the cash within the frozen account was a considerable sum.

One other #EndSARS protester instructed considered one of  our correspondents that she had not been in a position to entry her account and had been knowledgeable that it was frozen.

She, nonetheless, wished to stay nameless for concern of being victimised by the federal government.

One of many promoters of the #EndSARS motion, Feyikemi Abudu, additionally confirmed in a tweet that the accounts of a number of individuals concerned within the protests had been frozen.

The performing Spokesman for the CBN, Abdulmumin Isa, who was first contacted final week on the phone, requested the correspondent to present him a while.

Nevertheless, after one week of ready, Isa had but to supply any data on the matter.

The Spokesman for Entry Financial institution, Abdul Imoyo, mentioned he couldn’t make feedback on particular person accounts of shoppers for confidentiality causes.



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