Again CBN Freezes 11 bank Accounts

The Central Bank of Nigeria, CBN, has obtained a court order to temporary freeze accounts of 11 persons, so as to enable conduct an investigation into its sources of wealth.

 

In a statement made available on its website the Central Bank of Nigeria, CBN, which is the regulatory body for all financial institutions in Nigeria, on Wednesday, stated that  the order was renewable on expiration, but only on good reasons shown.

Download MP3

 

The CBN as the plaintiff, listed the names of the defendants/respondents as Albert Austin Ugochukwu with two bank accounts; Belfour Energy & Allied Services; Belfour Oil and Gas Limited with three bank accounts; Circle Flow Integrated Services; Kacynaus Reality Nigeria Limited with three bank accounts; and Tasmara Integrated Services.

Check Out =>  A Warning To Governor Ganduje And Those That Think Like Him

 

The motion exparte which was dated March 12 and filled on March 16 sought the mandatory order of the court to direct First City Monument Bank Limited to freeze all transactions on accounts and all other bank accounts of the defendants for a period of 180 days pending the outcome of investigation and inquiry currently being conducted by the CBN.

Check Out =>  Ebube Agu: Passionate Appeal By Nnamdi Kanu To South-East Youths

 

According to the document, the investigation was connected to a female who is an ‘Assistant Manager of the CBN, Central Business District, Oluwatoyosi Suwebat Oladipo’.

In another document signed by the Presiding Judge, A.R. Mohammed, the court empowered the CBN to direct FCMB to freeze all transactions on the bank accounts for a period of 45 days only, pending the outcome of investigation.

 

Check Out =>  Zion Train Is Coming Our Way

It added that the order was renewable on expiration but only on good reasons shown.

 

Any person affected by this order was entitled to approach the country to seek to set aside, discharge or have the order reviewed for good reasons, it said.

Download MP3

Be the first to comment

Leave a Reply