Nigeria, Oct. 23 -- The Economic and Financial Crimes Commission (EFCC) has obtained a court order to freeze an account belonging to Yili Fu Liang Trading Co. Ltd over the alleged transfer of N1.065 billion from Renmoney Microfinance Bank through unauthorised electronic transactions.

The judge Yelim Bogoro of the Federal High Court in Lagos granted the order on 16 October following an ex parte application by the commission in suit number FHC/LAG/MISC/1392/2026.

The EFCC also asked the court to place six Bank Verification Numbers (BVNs) on a watchlist pending the conclusion of investigations and possible prosecution.

In a statement on Thursday by the EFCC spokesperson Dele Oyewale, the commission said it began investigating the matter a...