Nike Popoola The Central Financial institution of Nigeria has instructed banks to position a post-no-debit on the financial institution accounts o
Nike Popoola
The Central Financial institution of Nigeria has instructed banks to position a post-no-debit on the financial institution accounts of 38 corporations.
The affected accounts belong to betting corporations, bureau de change corporations and a few logistics corporations, in keeping with a report by The Cable on Saturday.
One of many corporations, Premier Lotto, is owned by Adebutu Kessington, a Nigerian businessman popularly often called “Baba Ijebu.”
The report said that the businesses have been being accused of foreign exchange infractions, transferring foreign exchange overseas with out the required authorisation and “financial sabotage.”
Sources stated that one of many gaming corporations moved $420m overseas below the guise of buying software program however the funds have been later traced to the international accounts of a number of the administrators of the corporate.
“The foreign exchange was sourced from the black market, thereby placing strain on the alternate charge.
“The gaming corporations are awash with naira which sit of their financial institution accounts, in order that they devised a manner of transferring the funds overseas,” a supply stated.
In a September four memo signed by the Director of Banking Supervision, Bello Hassan, learn, “You’re hereby required to position the below listed accounts on post-no-debit with rapid impact and revert with the account names, numbers, currencies and balances of all accounts positioned on PND.”
A post-no-debit implies that all debit transactions, together with ATMs and cheques, on the accounts have been blocked however cash may be deposited into the accounts.
A few of the affected corporations are Premier Lotto Restricted, 3D Scanners Bureau De Change Restricted, Blue Wall Nigeria Restricted, JNFX Worldwide Restricted and Northline Restricted.
Others are SV Gaming Restricted, R&S Lotto Restricted, TM Gaming Networks Restricted, Escale Oil and Fuel Restricted, Barkoli Buying and selling Firm Restricted, Godoni Enterprises Restricted.
The apex financial institution stated solely the listed corporations needs to be positioned on PND including that each one associated accounts be excluded.
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