The Central Bank of Nigeria (CBN) has ordered banks to place a post-no-debit on the bank accounts of 18 companies.
A post-no-debit means that all debit transactions, including ATMs and cheques, on the accounts, have been blocked but can receive inflows.
This was contained in a circular signed and released on Thursday by Haruna B. Mustapha, director of banking supervision, on Thursday, also instructed banks to send details of the accounts.
The CBN last year also instructed banks to freeze accounts of 38 companies including permier Lotto, owned by Adebutu Kessington, a Nigerian businessman popularly known as “Baba Ijebu”.
“You are hereby directed to place all accounts of the under-listed customers on Post-No-Debit (PND) restriction,” the circular reads.
The affected companies include Bakori Mega Services, Ashambrakh General Enterprise, Namuduka Ventures Limited, Crosslinks Capital and Investment Limited, IGP Global Synergy Limited, Davedan Mille Investment Limited and Urban Laundry.
Others are Advanced Multi-Links Services Limited, Spray Resources, Al-Ishaq Global Resources Limited, Himark Intertrades, Charblecom Concept Limited, Wudatage Global Resources.
Also included are Treynor Soft Ventures, Fyrstrym Global Concepts Limited, Samarize Global Nigeria Limited, and Zahraddeen Haruna Shahru.
The apex bank did not state any reason for the action.
The affected accounts belong to bureaux de change (BDCs), construction firms, investment companies, laundering services, and property companies.
According to TheCable, the development may be connected to the ongoing clampdown on illegal foreign exchange trading since the ban on forex sales to BDCs.
A MUST TO READ: We wish to add you to our WhatsApp Database to get our trending and latest news directly into your WhatsApp Box as the news breaks.
Kindly CONTACT US 08072633727 📲 on WhatsApp/Call📞
Also, For your Advert Placement, Publicity, Press Release, Personality Promotion, Special Report, Featured story, Conference, Interviews, And So On.
... Affirms APC Elected Council Chairmen, Councillors' Reinstatement The Ruling Accord in Osun State under…
News Update THE All Progressives Congress, APC, has cleared 48 aspirants to participate in the…
News Update Operatives of the Economic and Financial Crimes Commission (EFCC) have arrested Mustapha Abdullahi,…
The leadership of the Osun Online Publishers Association (OOPA) on Tuesday paid a courtesy visit…
The Oyo State Police Command has rescued a United States-based medical doctor from mob action…
Popular Nigerian comedian, AYo Makun, professionally known as AY, has spoken about the late Nollywood…