CBN asks banks to block accounts of 18 companies

The Central Bank of Nigeria (CBN) has directed banks to place a post-no-debit on the bank accounts of 18 companies.

The directive was conveyed in a circular signed by Haruna B. Mustapha, CBN’s Director of Banking Supervision and released on Thursday August 19. 

TheCable reported that the apex bank also instructed banks to send details of the accounts.

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 Treynor Soft Ventures, Fyrstrym Global Concepts Limited, Samarize Global Nigeria Limited, and Zahraddeen Haruna Shahru.

Though the reason for the decision was not stated, it was however learnt that the affected accounts belong to bureaux de change (BDCs), construction firms, investment companies, laundering services, and property companies.

Leave a Reply

Your email address will not be published. Required fields are marked *