Home Sectors BANKING & FINANCE Court Grants EFCC Power to Freeze Suspicious Accounts

Court Grants EFCC Power to Freeze Suspicious Accounts

Presidential Panel Interrogates 'Magu Boys'

The Court of Appeal sitting n Abuja has affirmed that the Economic and Financial Crimes Commission (EFCC) has the power to freeze suspicious accounts.

The court said the anti-graft agency can direct banks to suspend operation of accounts suspected to have been used for criminal activities, or any account of into which slush funds and proceeds of crime have been deposited.

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