Ethiopia blocks 240 bank accounts to finance terrorists


The bank accounts of 240 people suspected of financing terrorist groups – Tigray Peoples Liberation Front (TPLF) and Oromo Liberation Front (OLF-Shene) are blocked, according to the statement from the Federal Police of Ethiopia.

Ethiopia’s Federal Police and other security agencies on Friday said they had seized $ 250,000 in cash from individuals involved in the illegal circulation and exchange of hard currency on the black market.

Police also said 50,000 pounds sterling and foreign currency from various countries as well as 115 million Ethiopian birr were also confiscated. During the operation, which mainly takes place around Ethiopia Hotel and Mercato, many people are arrested in connection with the illegal circulation of hard currency in Addis Ababa.

In addition to hard currency, police also seized 1.5 kilograms of opal ore from a house around the betel area. Regarding drugs, five individuals are also captured by the police for selling drugs.

The TPLF is named as a terrorist group after admitting to committing treason, killing several thousand Ethiopian tropes when it attacked the northern Tigray command base at midnight on November 3, 2020.
OLF-Shene, which recently announced its partnership with the TPLF, is also named as a terrorist group by the Ethiopian Parliament. Currently, both groups are fighting Ethiopian troops, killing civilians and destroying public and private property.

A few days ago, it was reported that OLF Shene killed several civilians in the Oromia region, while the TPLF vandalized churches, mosques, thousands of health posts and schools during its strike. invasion of Amhara and Afar regions following the Ethiopian government’s unilateral ceasefire in June 2021.


Shawanda H. Saldana