Court takes action on money maundering, freezes accounts and orders holders arrests

THE NATION

A Federal High Court in Abuja yesterday ordered temporary freezing of 21 accounts domiciled in some commercial banks and directed the arrest of their holders.

Justice Emeka Nwite gave the order after counsel for the Inspector-General (I-G) of Police, Ibrahim Mohammed, moved a motion ex-parte to the effect.

Justice Nwite also granted the “order directing the banks to issue details of the account package(s) and to place a Post-No-Debit (PND) on the accounts, disable the ATMs while allowing inflow into the said accounts” pending the conclusion of investigation.

“I have listened to the submission of the learned counsel for applicant and gone through the affidavit evidence.