CBN Directs Banks To Block The Accounts Of 18 Companies

On Thursday, August 19, The Central Bank of Nigeria (CBN)  in a circular signed by Haruna B. Mustapha, CBN’s Director of Banking Supervision directed banks to place a post-no-debit on the bank accounts of 18 companies.

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.

Although the reason behind the decision was not stated but the accounts reportedly belongs to bureaux de change (BDCs), construction firms, investment companies, laundering services, and property companies.

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