Ex-Militants give Bank 15 Days to Release Frozen N12BN


A group of ex-militants, who invested in the contentious Virtual Currency Scheme, has issued a 15-day ultimatum to a major commercial bank in Nigeria to release the frozen N12 billion in the bank belonging to them and other Nigerians.

During a speech on the platform of Third Phase Amnesty, the ex-militants in a statement by Mr. Tam Odogwu, the National Secretary, said over 1,000 members had invested in the program and threatened to act against the bank’s operations in Niger Delta region if their monies were not unfrozen within 15days.

Philemon Gora, Promoter of the scheme, had assured Mr. Uzoma Nkem-Abonta, Chairman, House Committee on Public Petition, of paying all depositors as soon as the accounts are unfrozen.

He said, “We, the Niger Delta ex-militants have not been finding life easy due to the unlawful freezing of the N12 billion virtual currency scheme by the bank, in defiance of the Abonta-led House Committee on Public Petitions order to release the money to the promoter of the scheme for him to refund our money.

“We have been peaceful and patient over the issue despite our predicament and matured way of approaching the matter to get the money back, this bank have remained adamant.

“We have resolved and taken decision: we give the bank 15 days ultimatum to unfreeze the N12 billion they have refused to release. Failure to do so, we are going to mobilise and disrupt all operations of the bank in the Niger Delta region and ensure we get the money back to all investors of the scheme.

“This money belongs to over 60,000 Nigerians, who invested in the scheme, which includes most of our relatives, friends and loved ones. We repeat, all operations of bank in the Niger Delta will be grounded if the management fails to heed our demand.

“The Chairman, House Committee on Public Petition, Mr Uzoma Nkem-Abonta, who summoned the Economic and Financial Crimes Commission, EFCC, Central Bank of Nigeria, and the bank, when the matter got to them, ordered the bank’s management to open the account. We do not know why the bank is still delaying. We need our money.”


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