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  • Business - Economy
  • Updated: 5 months ago

CBN Directs Banks To Block Accounts Of 18 Companies, Gives No Reason

The Central Bank of Nigeria has ordered banks to place a post-no-debit restriction on the bank accounts of 18 companies, without stating any reason.

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 Haruna B. Mustapha, director of banking supervision, on Thursday, also instructed banks to send details of the accounts.

The circular read in part, “You are hereby directed to place all accounts of the under-listed customers on Post-No-Debit restriction.”

Activities of the affected companies range from general contracting to merchandising and financial services.

The affected companies include 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 are Advanced Multi-Links Services Limited, Spray Resources, Al-Ishaq Global Resources Limited, Himark Intertrades, Charblecom Concept Limited, Wudatage Global Resources, Treynor Soft Ventures, Fyrstrym Global Concepts Limited, Samarize Global Nigeria Limited, and Zahraddeen Haruna Shahru.

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Oluwatosin Ogunjuyigbe
Oluwatosin Ogunjuyigbe

A seasoned business content writer, financial markets analyst, and tech enthusiast.

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