Ethiopia blocks 240 bank accounts for financing terrorists – New Business Ethiopia - News Summed Up

Ethiopia blocks 240 bank accounts for financing terrorists – New Business Ethiopia


Bank accounts of 240 individuals, who are suspected of financing the terrorist groups – Tigray Peoples Liberation Front (TPLF) and Oromo Liberation Front (OLF-Shene) are blocked, according to the statement of the Federal Police of Ethiopia. The Federal Police of Ethiopia along with other security agencies on Friday said that it has also seized $250,000 cash from individuals engaged in illegal circulation and exchange of hard currencies in the black-market. During the operation that takes place mainly around Ethiopia Hotel and Mercato area, many people are arrested in relation to illegal circulation of hard currencies in Addis Ababa. In addition to hard currencies, the police have also seized 1.5 kilograms of opal mineral from a house around betel area. OLF-Shene, which recently announced its partnership with TPLF is also designated as a terrorist group by Ethiopian Parliament.


Source: Ethiopian News January 02, 2022 07:13 UTC



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