The Economic and Financial Crimes Commission has revealed why it freezes accounts of suspects. Read the official press release by the commission below;
In recent times, a lot of interest has been generated by the action of the Commission in freezing the accounts of suspects that were investigated or are currently being investigated. Some commentators have tended to ascribe vindictive motives to this action In order to prevent misinformation, it is imperative to explain the reason behind the Commission’s actions in this regard.Freezing of accounts suspected of being used for commission of financial crimes is a mandatory investigative step backed by law.
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