CBN playing out FG’s script by freezing EndSARS promoters’ accounts – Muiz Banire

CBN playing out FG’s script by freezing EndSARS promoters’ accounts – Muiz Banire

Former legal adviser to the All Progressives Congress (APC) Muiz Banire, has faulted the freezing of bank accounts of #EndSARS promoters by the Central Bank of Nigeria (CBN) saying the apex bank is no expert in terrorism and lacks the legal backing to investigate crime.

Banire, a former Commissioner for Transportation in Lagos State under former Governor Bola Ahmed Tinubu, called the CBN a “meddlesome interloper” that was only playing out a script written for it by the Federal Government.

Writing on his verified Twitter handle on Sunday, November 16, Banire described the action of the CBN as being “abominable and reckless,” calling on the bank to unfreeze the accounts of the 20 Nigerians because “such powers vested in CBN is unconstitutional and questionable.”

Read the tweet here:

“CBN is not a crime investigation department and constitutionally cannot investigate crime. That being so, it cannot be freezing people’s accounts on ground of any suspected crime. The Bank is the examiner of commercial bank accounts and not individual’s accounts.

“Obtaining ex-parte order to enquire and investigate private accounts is certainly beyond its brief. What is the function of Nigeria Financial Intelligence Unit?

“What expertise does the CBN have in investigating terrorism and other crimes? The Bank remains, in recent times, a meddlesome interloper in affairs that do not concern it. In my strongest view, I believe, all Nigerians must rise up against this power being arrogated to the Bank.”

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