Central Bank Of Nigeria Freezes 11 Bank Accounts Of Companies, Individual

source: matrixliveng
30

The Central Bank of Nigeria (CBN) on Wednesday announced the freezing of 11 bank accounts of 5 companies and an individual for 45 days to enable it to conduct investigations into suspicious activities. The order follows an Exparte motion, dated March 12 and filed on March 16, seeking the mandatory order of the court to direct First City Monument Bank (FCMB) Limited, to freeze all transactions on the listed accounts and all other bank accounts of the defendants for 180 days pending the outcome of investigation and inquiry currently being conducted by the CBN. This disclosure is contained in documents posted by the apex bank on its website on Wednesday, April 7, 2021. “An interim Order is made empowering the applicant to direct the Head Office of First City Monument Bank Ltd to freeze forthwith all transactions on the bank accounts listed on the motion paper for 45 days only pending the outcome of investigation currently being conducted by the Central Bank of Nigeria’’ the order from the Federal High Court partly reads... Read the full story here:

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