
EFCC can freeze accounts for 72 hrs without court order – Spokesman
The Economic and Financial Crimes Commission (EFCC) has insisted that its temporary restriction on an Osun State Government bank account was lawful and backed by provisions of the EFCC Act and the Money Laundering (Prohibition) Act.“We observed in the past one week that activities on that account looked suspicious, and based on the mandate of the Commission, we took the step of placing a restriction on that account to preserve it,” he said.
It is just a targeted restriction on one account of the Osun State Government,” he said.
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