The Central Bank of Nigeria has directed banks to vacate a post-no-debit restriction placed on the bank accounts of 440 individuals and companies.

A post-no-debit means that all debit transactions, including ATMs and cheques, on the accounts have been blocked but can receive inflows.

The circular, signed by A.M. Barau on behalf of the CBN director of banking supervision, on Tuesday, also instructed banks to notify the concerned customers of the development.

The apex bank did not state any reason for the action.

The companies on the list include Bamboo Systems Technology Limited, Escale Oil & Gas Limited, Rise Vest Technologies Limited, Chaka Technologies Limited, abokiFX Limited, Nairabet International, Northwood Energy Services and Proport Marine Limited, among others.

The circular read, “You are hereby directed to vacate the Post-No-Debit restriction placed on the accounts of the under-listed bank customers at our instance.

“You are also required to inform the concerned customers of the vacation accordingly.”

In 2021, CBN instructed banks to freeze the accounts of 18 companies, ranging from bureaux de change, construction firms, investment companies, laundering services, and property companies.

The affected companies included 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 were Advanced Multi-Links Services Limited, Spray Resources, Al-Ishaq Global Resources Limited, Himark Intertrades, Charblecom Concept Limited, and Wudatage Global Resources.

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

All 18 companies have had their bank accounts unfrozen by the apex bank.

Source: https://punchng.com/cbn-lifts-ban-on-bamboo-nairabet-abokifx-437-accounts/

Make everybody go back to business


Na that AbokiiFX own I remember Wella Emifiele was blaming him den for FX wey dey rise....

It was a mechanical decision since no stipulated reasons to unfrozen the accounts

Naira bet no dey work since? Ehya

How was the decision arrived at in the first place?
Why is it been vacated now?

Confusion continues

No reason was given for the freezing and unfreezing of the accounts.
Something fishy is going own, never trust criminals in power.

Another looting strategy for Tinubu

The acting cbn governor wants to retain his position..

Wat abt MBA forex and inksnation I heard there account was frozen..not sure though

Emefiele messed up, big time and I don't really pity him now, but Tinubu should stop fighting a useless with Nigeria's resources for his personal vendetta, the fight he is fighting Emefiele adds no single economic value to Nigeria, look at the charge sheet....

Good

Thi