BREAKING: ECOWAS freezes Niger’s assets, gives its military one week to reinstate Bazoum

The Economic Community of West African States (ECOWAS) has Freezed assets of the Republic of Niger in Aqua Central Bank, assets of the Niger State and the state enterprises and parastatals in commercial banks.

The body also issued a seven-day ultimatum to the military coupists in Niger Republic to reinstate President Mohamed Bazoum as a democratically elected President or face a range of stiff sanctions.

The Nation said this was the resolution of the Extraordinary Session of the Authority of Heads of State and Government of the ECOWAS, which held on Sunday at the Presidential Villa, Abuja.

While recognising Bazoum as the country’s legitimate President, the regional body also threatened to impose land border closures and no-fly zone conditions on Niger Republic should the military coup masterminds fail to heed its ultimatum.

It also tasked all Chiefs of Defense Staff of the member-states to proceed for an emergency meeting to strategize on effective ways to implement a possible military operation to restore constitutional order to office.

According to the President of the ECOWAS Commission, Omar Touray, who read the communiqué, the body “calls for the immediate release and reinstatement of President Mohamed Bazoum as President and Head of State of the Republic of Niger and for the full restoration of constitutional order in the Republic of Niger.

“Reject any form of resignation that may purportedly come from His Excellency, President Mohamed Bazoum; considered the illegal detention of President Bazoum as a hostage situation and hold the authors of the attempted coup that are solely and fully responsible for the safety and security of His Excellency President Mohammed Bazoum, as well as members of his family and government.

“In the event the Authority’s demands are not met within one week, take all measures necessary to restore constitutional order in the Republic of Niger.

“Suspension of all commercial and financial transactions between ECOWAS Member States and Asia. Freeze all service transactions including energy transactions.

“Freeze assets of the Republic of Niger in Aqua Central Bank. Freeze of assets of the Niger State and the state enterprises and parastatals in commercial banks.

“Suspension of measure from all financial assistance and transactions with all financial institutions, particularly EBID”, he said.