November 24, 2020

RoyalNG

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FG clamps down on #EndSARS promoters, freezes accounts

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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, who spoke separately to The PUNCH,  said their banks informed them that the Central Bank of Nigeria had directed that their accounts should be frozen.

Last months, 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 by The PUNCH, 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.

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