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Nairaland Forum / Nairaland / General / Business / CBN To Freeze Risevest, Bamboo Accounts for "Illegal FX Transactions" (38622 Views)
Nigeria To Clampdown On Loan Apps For Illegal Debt Recovery / FG Moves To Digitise FX Transactions To Punish Naira Speculators / Risevest’s CEO, Eke Urum, Found Guilty Of Sexual Impropriety And Abuse Of Power (2) (3) (4)
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Re: CBN To Freeze Risevest, Bamboo Accounts for "Illegal FX Transactions" by mapet: 12:32pm On Aug 18, 2021 |
shadeyinka2: Some of you are just as naive as you come. In the motion ex parte marked FCH/ABJ/CS/822/2021 and filed on August 4, CBN through its counsel Michael Kaase Aondoakaa, submitted that “the investigation being carried out concerns what has been discovered to be serious infractions by the defendants/respondents in connection with some foreign exchange transactions, and non-documentation by the defendants/respondents in violation of the extant laws and regulations, particularly the Foreign Exchange (Monitoring and Miscellaneous Provisions) Act and the Central Bank of Nigeria foreign exchange manual.”Who does business in any place without learning about the regulations and regulatory requirements? 1 Like 1 Share |
Re: CBN To Freeze Risevest, Bamboo Accounts for "Illegal FX Transactions" by mapet: 12:36pm On Aug 18, 2021 |
Ok12345: 1. When are the youths going to learn about the laws of the environment where they do business? 2. You can invest in dollar, but you cannot carry-out functions of banks making international transaction beyond a limit if you don't have license 1 Like |
Re: CBN To Freeze Risevest, Bamboo Accounts for "Illegal FX Transactions" by Nobody: 12:36pm On Aug 18, 2021 |
These so called 'laws' do not apply to everyone in the country. When people from a certain region are affected they are quick to enforce the laws, when others run foul, they look the other way. Laughable Republic of Nigeria |
Re: CBN To Freeze Risevest, Bamboo Accounts for "Illegal FX Transactions" by Skyfly007: 12:42pm On Aug 18, 2021 |
motymop:Learn how the law works bro! They have been accused of an offense(illegal forex transactions). Investigations have started.. Accounts have been frozen till investigations are COMPLETED.. It is after completion of investigations that the court will either find them guilty or innocent of the accusations! Innocent until proven guilty. |
Re: CBN To Freeze Risevest, Bamboo Accounts for "Illegal FX Transactions" by shadeyinka2: 1:02pm On Aug 18, 2021 |
mapet:Using your own quote: In the motion ex parte marked FCH/ABJ/CS/822/2021 and filed on August 4, CBN through its counsel Michael Kaase Aondoakaa, submitted that “the investigation being carried out concerns what has been discovered to be serious infractions by the defendants/respondents in connection with some foreign exchange transactions, and non-documentation by the defendants/respondents in violation of the extant laws and regulations, particularly the Foreign Exchange (Monitoring and Miscellaneous Provisions) Act and the Central Bank of Nigeria foreign exchange manual.”And their CBN regulated banks allowed the infraction!? I haven't said that they didn't break any rules, that can be sorted out in the courts. My issue is , if you check deeply, its because they refuse to settle some CBN staff... |
Re: CBN To Freeze Risevest, Bamboo Accounts for "Illegal FX Transactions" by shadeyinka2: 1:05pm On Aug 18, 2021 |
gwinaB:I agree with you. The only problem is that knowing "our officials", their real offence may be that they didn't settle "the boys" at the CBN! |
Re: CBN To Freeze Risevest, Bamboo Accounts for "Illegal FX Transactions" by adagba001: 1:06pm On Aug 18, 2021 |
KC031: But why would you operate such a business without dye registration with the relevant bodies? If this is true then na their fault. Nobody stopped them from doing business here. They didn't follow the laid down rules... break the rules and face the consequence. |
Re: CBN To Freeze Risevest, Bamboo Accounts for "Illegal FX Transactions" by nisai: 1:07pm On Aug 18, 2021 |
mapet:Thank u Jare. Some of us are just full of tribalistic sentiment without critical reasoning and it's harmful to this same country we accuse the leaders of its retrogression. We just want to criticize everything because we dislike a particular region or personality. Ilosiwaju Nigeria di owo olorun. |
Re: CBN To Freeze Risevest, Bamboo Accounts for "Illegal FX Transactions" by mapet: 1:09pm On Aug 18, 2021 |
shadeyinka2: So You mean CBN took them to court because "they refused to settle some CCBN staff....."? Haba!.... |
Re: CBN To Freeze Risevest, Bamboo Accounts for "Illegal FX Transactions" by motymop: 1:18pm On Aug 18, 2021 |
Skyfly007: They were not accused, they were investigated which lead to their account been froozen. Maybe you need to learn how the law works |
Re: CBN To Freeze Risevest, Bamboo Accounts for "Illegal FX Transactions" by Skyfly007: 1:21pm On Aug 18, 2021 |
motymop:I'm in the system bro with first hand info... To investigate is to conduct an official enquiry.. To accuse is to say that someone is responsible for a crime or having done something wrong... It does not mean the defendant is guilty! The accounts were frozen so they won't be able to send money overseas pending the outcome of the investigations.. If you still don't understand, then there is nothing I can do at this moment |
Re: CBN To Freeze Risevest, Bamboo Accounts for "Illegal FX Transactions" by motymop: 1:41pm On Aug 18, 2021 |
Skyfly007: They were not guilty yet their account were frozen. Stop contradicting yourself. The result of the investigation are out that is why their account were frozen through a court order |
Re: CBN To Freeze Risevest, Bamboo Accounts for "Illegal FX Transactions" by Skyfly007: 1:44pm On Aug 18, 2021 |
motymop:Geez..Freezing of ones account does not connote guilt.. lol (understand this) Investigations are not yet completed.. Read the article again |
Re: CBN To Freeze Risevest, Bamboo Accounts for "Illegal FX Transactions" by stevonics: 1:51pm On Aug 18, 2021 |
Thanks for making it clear here. I believe individuals can deal with foreign fintechs for foreign investments. otomatic: |
Re: CBN To Freeze Risevest, Bamboo Accounts for "Illegal FX Transactions" by KazikageSama: 2:04pm On Aug 18, 2021 |
gwinaB: Ok Sir. |
Re: CBN To Freeze Risevest, Bamboo Accounts for "Illegal FX Transactions" by adubam(m): 2:24pm On Aug 18, 2021 |
Chaka as at my last longing are still receiving dollars. |
Re: CBN To Freeze Risevest, Bamboo Accounts for "Illegal FX Transactions" by Elsueno: 2:30pm On Aug 18, 2021 |
motymop: This is a waste of time, u don't know anything about these finetech...let's just stick to which law they broke instead |
Re: CBN To Freeze Risevest, Bamboo Accounts for "Illegal FX Transactions" by COMPAQ(m): 3:04pm On Aug 18, 2021 |
samsard: Yeah, that's the real issue!! And this in a way alludes to why CBN had to ban sale of forex to BDC's, cos all these Bamboo and co and the ones mopping up from BDC's and its just resulting in capital flight using officially sourced dollars. If the Bamboo of this world were utilising private Non governmental, but legit, FX sources then maybe CBN wouldn't have an issue. |
Re: CBN To Freeze Risevest, Bamboo Accounts for "Illegal FX Transactions" by Raph3177(m): 3:43pm On Aug 18, 2021 |
FarahAideed:Guy how did u spend money on Robinhood?? The last time I check robinhood don’t take investors from Nigeria. How did u do it am curious? Pple like u is the reason I don’t bothere myself arguing or throwing tantrum on Nairaland anymore. |
Re: CBN To Freeze Risevest, Bamboo Accounts for "Illegal FX Transactions" by Mubarak05(m): 3:45pm On Aug 18, 2021 |
KazikageSama: |
Re: CBN To Freeze Risevest, Bamboo Accounts for "Illegal FX Transactions" by Raph3177(m): 3:52pm On Aug 18, 2021 |
Elsueno:If I were u I will ignore the Aboki 1 Like |
Re: CBN To Freeze Risevest, Bamboo Accounts for "Illegal FX Transactions" by Mubarak05(m): 3:56pm On Aug 18, 2021 |
KazikageSama: |
Re: CBN To Freeze Risevest, Bamboo Accounts for "Illegal FX Transactions" by Mubarak05(m): 3:56pm On Aug 18, 2021 |
KazikageSama:Bro pls about buying Fx from barter can you shed more light boss |
Re: CBN To Freeze Risevest, Bamboo Accounts for "Illegal FX Transactions" by shadeyinka2: 4:07pm On Aug 18, 2021 |
mapet:Human beings (Nigerians) makeup CBN not buildings! |
Re: CBN To Freeze Risevest, Bamboo Accounts for "Illegal FX Transactions" by IGoComotYaTeeth: 4:48pm On Aug 18, 2021 |
IyaTola:If I remove ur teeth for u |
Re: CBN To Freeze Risevest, Bamboo Accounts for "Illegal FX Transactions" by posty56: 6:32pm On Aug 18, 2021 |
FarahAideed:your stupidity is worse, people that have license both home and abroad you are irredeemable |
Re: CBN To Freeze Risevest, Bamboo Accounts for "Illegal FX Transactions" by Skyfly007: 7:09pm On Aug 18, 2021 |
adubam:Bamboo is still accepting withdrawal and deposit...Still working normally. |
Re: CBN To Freeze Risevest, Bamboo Accounts for "Illegal FX Transactions" by mapet: 7:09am On Aug 19, 2021 |
shadeyinka2:Lil Sis, Sit this out....you're totally underwhelming here |
Re: CBN To Freeze Risevest, Bamboo Accounts for "Illegal FX Transactions" by shadeyinka2: 9:13am On Aug 19, 2021 |
mapet:Cheers bro! |
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