By Our Reporter
Terrorism Financing Crackdown: Court Freezes 24 Bank Accounts Linked to Kidnapping and Crypto Launderin
In a significant move against alleged terrorism financing, Justice Emeka Nwite has ordered the freezing of 24 bank accounts following an ex parte application by the Economic and Financial Crimes Commission (EFCC).
The EFCC, represented by Ekele Iheanacho, presented evidence linking the accounts to Lawrence Lucky Eromosele, who is under investigation for kidnapping and laundering funds through cryptocurrency platforms. According to Iheanacho, the accounts are suspected of housing proceeds from illegal naira manipulation and other unlawful activities.
An affidavit by Mohammed Khalil, an EFCC investigator attached to the National Security Adviser’s (NSA) office, revealed that the accounts were connected to a syndicate allegedly blackmailing and threatening operatives attached to the NSA. The syndicate reportedly provided detailed movements of family members of operatives to enforce ransom demands.
Khalil further stated that intelligence pointed to the covert exchange of criminal proceeds and terrorist funds through these platforms. EFCC counsel Martha Babatunde noted that the ongoing investigation is expected to conclude within 90 days.
Justice Nwite granted the EFCC’s request and scheduled the case for a mention on March 24, 2025.
