CBN insists on blocking accounts of 18 companies
By OUR CORRESPONDENT
The Central Bank of Nigeria, CBN, has ordered banks to place a post-no-debit on the bank accounts of 18 companies, meaning that debit transactions, including ATMs and cheques, on the accounts, have been blocked but can receive deposits.
In a circular, signed by Haruna B. Mustapha, director of banking supervision, the apex bank, stated: “You are hereby directed to place all accounts of the under-listed customers on Post-No-Debit (PND) restriction.”
Specifically, the companies include Bakori Mega Services, Ashambrakh General Enterprise, Namuduka Ventures Limited, Crosslinks Capital and Investment Limited, IGP Global Synergy Limited, Davedan Mille Investment Limited, Urban Laundry, 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.
Although the bank did not state the reasons for the blockage, The Daily, www.thedaily-ng.com, learned that it might have to do with the moves of the financial institution to clamp down on illegal foreign exchange trading.
