{"id":44718,"date":"2020-11-16T13:44:48","date_gmt":"2020-11-16T12:44:48","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=44718"},"modified":"2020-11-16T13:47:04","modified_gmt":"2020-11-16T12:47:04","slug":"end-sars-cbn-is-no-expert-on-terrorism-lack-powers-to-investigate-crime-apc-chieftain-banire","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/end-sars-cbn-is-no-expert-on-terrorism-lack-powers-to-investigate-crime-apc-chieftain-banire\/","title":{"rendered":"End SARS: CBN Is No Expert On Terrorism, Lack Powers To Investigate Crime \u2013 APC Chieftain, Banire"},"content":{"rendered":"

The Former Chairman of Asset Management Corporation of Nigeria and APC Chieftain in Lagos, Muiz Banire, on Sunday described the freezing of bank accounts of End SARS promoters by the Central Bank of Nigeria as \u201cmeddlesome interloper.\u201d<\/p>\n

Banire, who served as commissioner for transportation under former governor Bola Tinubu said that the Apex bank had no powers to investigate crime.<\/p>\n

The CBN recently obtained a court order to freeze 20 accounts in Access Bank, Fidelity Bank, First Bank Nigeria, Guaranty Trust Bank linked to promoters of the Endsars campaign.<\/p>\n

Banire in a twitter thread on Sunday also described the action as \u201cabominable and reckless.\u201d<\/p>\n

He added that such powers vested in CBN is unconstitutional and questionable.<\/p>\n

\u201cCBN is not a crime investigation department and constitutionally cannot investigate crime. That being so, it cannot be freezing people\u2019s accounts on ground of any suspected crime. The Bank is the examiner of commercial bank accounts and not individual\u2019s accounts.<\/p>\n

\u201cObtaining ex parte order to enquire and investigate private accounts is certainly beyond its brief. What is the function of Nigeria Financial Intelligence Unit?<\/p>

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Advertisement<\/div>\r\n\t\t\t\t\t\t\t<\/a>\r\n \r\n\t\t\t\t\t\t\t<\/div>\n

\u201cWhat expertise does the CBN have in investigating terrorism and other crimes? The Bank remains in recent times a meddlesome interloper in affairs that do not concern it. In my strongest view, I believe, all Nigerians must rise up against this power being arrogated to the Bank,\u201d he said.<\/p>\n

Banire also faulted the government for the Lekki Tollgate attack, noting that the attack was \u201cunprovoked.\u201d<\/p>\n

\u201cThere was a curfew that had not matured before attempt at dispersal of the crowd through firing, whether blank or no blank took place.<\/p>\n

\u201cThey provided their own security, even while thugs allegedly sponsored by government attacked them. The attack of 20th October, 2020 at Lekki was certainly in my humble view unprovoked.<\/p>\n

\u201cThese range from the premature and probable premeditated invasion, through the state-promoted miscreants to the economic suffocation and frustration of the people,\u201d he added. Daily Post<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Former Chairman of Asset Management Corporation of Nigeria and APC Chieftain in Lagos, Muiz Banire, on Sunday described the freezing of bank accounts of End SARS promoters by the Central Bank of Nigeria as \u201cmeddlesome interloper.\u201d<\/p>\n","protected":false},"author":6,"featured_media":44720,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[17],"tags":[7789,36,7788,575],"coauthors":[2391],"class_list":["post-44718","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-news","tag-boycott","tag-cbn","tag-muniz-banire","tag-sec"],"yoast_head":"\nEnd SARS: CBN Is No Expert On Terrorism, Lack Powers To Investigate Crime \u2013 APC Chieftain, Banire - National Wire<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/end-sars-cbn-is-no-expert-on-terrorism-lack-powers-to-investigate-crime-apc-chieftain-banire\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"End SARS: CBN Is No Expert On Terrorism, Lack Powers To Investigate Crime \u2013 APC Chieftain, Banire - 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