CBN Freezes 11 Bank Accounts, Give Reason (Full List)

cbn

The Central Financial institution of Nigeria (CBN) has frozen 11 financial institution accounts belonging to 5 firms and one particular person for 45 days.

In keeping with a press release revealed on the CBN website on Wednesday, the freezing of the accounts is predicated on an order secured from a Federal Excessive Courtroom in Abuja.

The courtroom order enabled the CBN to freeze the affected accounts for 45 days to allow it to hold out investigations on them for suspected fraudulent actions.

The Courtroom order seen by Naija Information correspondent on the CBN website exhibits that every one the accounts are domiciled with First Metropolis Monument Financial institution (FCMB).

The courtroom papers present that the CBN had filed an exparte movement, dated March 12 on March 16, in search of the order of the courtroom to freeze all transactions on the affected accounts and all different financial institution accounts of the defendants for 180 days however the courtroom granted on 45 days.

The listed financial institution accounts are these of Albert Austin Ugochukwu with 2 financial institution accounts, Belfour Power & Allied Providers, Belfour Oil and Fuel Restricted with 3 financial institution accounts, Circle Movement Built-in Providers, Kacynaus Actuality Nigeria Restricted with 3 financial institution accounts and Tasmara Built-in Providers.

The order from the Federal Excessive Courtroom partly reads, “An interim Order is made empowering the applicant to direct the Head Workplace of First Metropolis Monument Financial institution Ltd to freeze forthwith all transactions on the financial institution accounts listed on the movement paper for a interval of 45 days solely pending the end result of investigation at the moment being carried out by the Central Financial institution of Nigeria.’’

The presiding choose, Justice A.R. Mohammed nevertheless famous that the order was renewable upon expiration if the CBN may give cheap causes for its renewal.

Equally, affected individuals also can strategy the courtroom to hunt redress on the matter together with an software to put aside, discharge, or have the order reviewed for good causes.

In the meantime, the Govt Board of the Worldwide Financial Fund (IMF) has excluded Nigeria from the list of 28 countries granted debt pardons.

The Board has authorized the third tranche of grants for debt service aid for 28 member nations underneath the Disaster Containment and Aid Belief (CCRT).

It was discovered that the approval adopted two prior tranches authorized on April 13, 2020 and October 2, 2020, respectively.

Leave a Comment