“Speaking very honestly, I don’t see anything wrong in it,” the governor who doubles as the Chairman of the South-West Governors’ Forum said on Wednesday when he appeared on Channels Television’s Sunrise Daily.

“If for instance, my account was frozen, what would I do? All I would do is go back to court to explain. Even politicians, their accounts are sometimes frozen”.

“You have to go to court and explain. And at the end of the day, the court will say, ‘Leave the account. The account should be defrozen’ and you take your money back.”

Although some social commentators and members of the public have described the action of the Central Bank of Nigeria (CBN) as an abuse of power, the former President of the Nigerian Bar Association (NBA) said the protesters must explain the flow of funds into their accounts.

“If your account is frozen, you justify why the money was there. You come to explain to what use you have put this money,” Akeredolu explained.

“If it is that ‘Okay we used this money to pay this caterer to give food to these boys when they were there. We spent money between then before the hoodlums took over,’ it will be explained, people will know and the accounts will be defrozen.”

“It is just that we (CBN) suspected this account then the owner of the account will explain,” he said, noting stressing that it “is not a conclusion that those accounts were used for acts of treason.”