The Central Bank of Nigeria has instructed banks to freeze the bank accounts of 38 companies.

The affected accounts which belong to betting companies, bureau de change companies, and some logistics companies were being accused of forex infractions, moving forex abroad without the required authorisation, and “economic sabotage.”

One of the companies, Premier Lotto, is owned by Adebutu Kessington, a Nigerian businessman popularly known as “Baba Ijebu.”

Sources said that one of the gaming companies moved $420m abroad under the guise of purchasing software but the funds were later traced to the foreign accounts of some of the directors of the company.

“The forex was sourced from the black market, thereby putting pressure on the exchange rate.

“The gaming companies are awash with naira which sit in their bank accounts, so they devised a way of moving the funds abroad,” a source said.


http://worldtopnewsng.com/cbn-freezes-baba-ijebu-escale-oil-accessbet-35-other-accounts-over-forex-infractions/

OK WETIN BE MY OWN

Oflo sombori......Next time use Bitcoin...