Here's Why CBN Demanded For Baba Ijebu, Akin Alabi, 10 Other Businessmen Financial Records

The statements of domiciliary accounts belonging to the founder of Premier Lotto (known as Baba Ijebu), Adebutu Kessington, founder of Nairabet, Akin Alabi, and some high profile individuals have been demanded by the Central Bank of Nigeria (CBN).

In a statement, the CBN directed all Nigerian banks to provide the statement of accounts belonging to twelve high profile individuals. The requested account statement covered the period of January 1, 2013 to July 31, 2020.

Who Are The Affected Nigerian Businessmen?

Aside from Kessington and Alabi, who also serves as a lawmaker, House of Representatives member, others on the list include Adebisi Adebutu, Ajibola Adebutu, Olanipekun Adebutu, Olusegun Adebutu, Mauro Ripamonti, Charbel Chidiac, Oludamilare Alabi, Oluwafemi Babalola, Adetayo Adesanwo and Byron Powell.

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In the CBN letter to banks, the apex bank said, “You are required to furnish us with the domiciliary account statements (Excel and PDF formats) of the under listed individuals, including the domiciliary accounts linked to them by bank verification number (BVN). The statements should cover the period, January 1, 2013, to July 31, 2020."

Why Is CBN Requesting For Their Account Statements?

AllNews had reported last week that the CBN banned Baba Ijebu and 37 other companies from withdrawing from their accounts. The accounts belonging to these companies were placed on post-no-debit, which will prevent the companies from being able to withdraw.

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The CBN directed banks to place the post-no-debit on accounts of Baba Ijebu, 3D Scanners Bureau De Change Limited, Blue Wall Nigeria Limited, JNFX International Limited and Northline Limited, SV Gaming Limited, R&S Lotto Limited, TM Gaming Networks Limited, Escale Oil and Gas Limited, Barkoli Trading Company Limited, and Godoni Enterprises Limited.

The CBN accused the companies of forex infractions, which was sabotaging the economy. The company list which involves betting companies, bureau de change companies and some logistics companies, were said to have been involved in capital flight, moving forex abroad without the required authorisation, by pretending to need forex to purchase goods abroad.