Freezing of EndSARS accounts saved Naira-Dollar exchange rate – Chief Judge
Chief Judge of the Federal High Court, Justice John Tsoho has said the freezing of #EndSARS protesters’ bank accounts saved the Naira-Dollar Exchange rate and Nigeria as a Nation.
According to him, the move prevented the dollar from rising above N500.
Speaking at a ceremony to mark the federal high court’s 2020/2021 legal year, Tsoho noted that if the step was not taken, the Nigerian economy could have collapsed at that point in time.
Tsoho said; “Three months before the protest, CBN kept bringing applications, almost in their hundreds, based on what they call deliberate resolve to ruin the economy through money laundering.
“But the names were mostly of corporate bodies. So if it was the #EndSars people who started that arrangement undercover, then it is unfortunate. So maybe in the course of issuing those orders, they were uncovered.
“I’m sorry, I may have breached security but I would not know because it is very irritating for people to fail to verify news and just come up with damaging allegations.
“From what I gathered, if that step was not taken, the Nigerian economy could have collapsed at that point in time.”
“The dollar would have already exchanged for far above N500. So it was that discovery that prompted the CBN to bring those applications and the orders granted temporarily saved the situation,” Tsoho added.
If you are talking about #endsars protesters or sponsorers, what of those that are sponsoring bokoharam etc, why can’t they freez their account also? This is bad.
What does he mean with this stage? How are they exchange dollar to naira before protest, this man must be out of his mind for credited rising in dollar to #endsars protest.
Is that what they asked you to say? You should have reason deep before saying it. Are you among those changing the dollar to naira? This is bad.
Jack of all trades, instead of asking CBN to fish out those people who is sponsor bokoharam you are saying another thing entirely.
There is no type of nonsense one will not hear inthis our dear country
What is the meaning of this kwa
I just laugh in french..o
You smoke something sir, because you are talking out of point.
That is a lie… How those two issues related.,..