The Federal government of Nigeria has taken a drastic step on the suspected #EndBadGovernance organizers as it freezes crypto wallets belonging to them.
According to Premium Times, the freezing of the wallets came after an order granted by an High Court in Abuja, presided by Justice Emeka Nwite on August 9.
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The judge gave the sentence and order following an application filed by the Economic and Financial Crimes Commission, EFCC filed on August 8, and heard by the court the next day.
The EFCC described the assets as proceeds of money laundering and terrorism financing.
“That an order of this honourable court is hereby made freezing the wallet addresses/accounts stated in the schedule below, which wallets are owned by individuals currently being investigated for offences of money laundering and terrorism financing, pending the conclusion of the investigation,” Mr Nwite ruled shortly after listening to the EFCC’s lawyer.
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The wallet with the lion’s share of the assets has USDT37 million (USDT37,061,867,869.3) cryptocurrency, which equals the exact value in American US dollars.
Each of the three other wallets has USDT967, USDT90, and USDT443,512.37, respectively. The EFCC did not reveal the identities of the wallet owners in its application but the total of about $37 million has been frozen.
