CBN Bursts Court - Sacked Chairmen, Insists on Due Process over LG Accounts - The Source

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CBN Bursts Court – Sacked Chairmen, Insists on Due Process over LG Accounts

...Questions whereabout of much, non-existing Reinstatement Order

The Source by The Source
April 14, 2025
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..As commercial Banks Rebuff Attempts to Freeze LG Accounts

Attempts by the court-sacked Yes/No Chairmen to hoodwink the Central Bank of Nigeria to open council accounts and get the apex bank to lodge council funds has failed.

Further push by the impostors across the council secretariats to freeze local government accounts in some commercial banks and open new ones was rebuffed by the banks who questioned on whose authority such operation had been carried out.

The sacked chairmen had clandestinely written to the apex bank requesting to open bank accounts to deposit Osun local government allocations.

The illegal occupants of the Secretariats cited an alleged Court of Appeal judgment which they claimed had reinstated them as a basis for the account opening requests.

As though afraid that the CBN may burst its lies and misinformation, the sacked chairmen failed to include a copy of the Court order which allegedly reinstated them.

Rather, the opposition hatchetman only included an enrolled court order without referring to the actual Federal High Court judgement which indeed sacked the council impostors.

They indirectly admitted before the CBN that the judgment sacking them really exists and they did not present any evidence that the judgement has been vacated.

Additionally, the sacked henchmen did not attach the full Court of Appeal judgment which they claimed had reinstated them as council chairmen

Unknown to them, the Apex Bank has even more details on development in Osun including copies of all the judgments and ongoing cases with respect to the local government leadership.

The top bank then responded to the letter from the impostors, asking where the court order was and why it was not attached.

The sacked chairmen have since not responded to the CBN request because they have no court order to present.

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Tags: CBNCourtLG Accounts
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