Blackbox Nigeria


CBN asks banks to restrict 18 firms’ accounts

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Yusuf Boluwatife


The Central Bank of Nigeria has placed a post-no-debit rule on 18 companies’ bank accounts.

This means these firms can only carry out credit transactions in their accounts i.e only inflows are allowed, there will be no ATM or cheques withdrawal, funds transfer to another account or so in the accounts.

The directive was contained in a circular issued on Thursday and signed by CBN’s Director of Banking Supervision, Haruna B. Mustapha.

Though the apex bank didn’t state the reason for the directive, it instructed that the companies affected submitted their account details of the accounts.

“You are hereby directed to put all accounts of the under-listed customers on hold,” the CBN circular said.

Recall that CBN had placed 38 companies’ accounts on hold last year, and had placed accounts used for cryptocurrency exchange on hold earlier this year.

The following are the names of companies affected:

• Crosslinks Capital and Investment limited.

• IGP Global synergy limited.

* Bakori Mega services.

• Al-Ishaq Global Resources Limited.

* Spray resources.

• Himark intertrades.

* Wudatage Global resources.

* Charbelcom concept limited.

* Advanced Multi-links services limited.

* Ashambrakh General Enterprise.

* Davedan Mille investment limited.

* Namuduka Ventures Limited.

• Urban laundry.

• Treynor Soft ventures.

* Samarize global Nigeria limited.

* Ashambrakh General Enterprise.

* Zharadeen Haruna Shahru and;

*Fyrstrym Global concept limited.


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