The Central Bank of Nigeria (CBN) has instructed banks to withdraw a ‘post-no-debit’ restriction placed on the bank accounts of 440 individuals and businesses.
The instruction, issued on Tuesday, was signed by A.M. Barau on behalf of the CBN director of banking supervision and stated that all debit transactions, including ATM withdrawals and checks, were stopped, although deposits may still be made.
Banks have been directed to notify impacted consumers of this update. The CBN did not explain why they took this decision.
Bamboo Systems Technology Limited, Escale Oil & Gas Limited, Rise Vest Technologies Limited, Chaka Technologies Limited, abokiFX Limited, Nairabet International, Northwood Energy Services, and Proport Marine Limited are among the companies on this list.
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According to the circular, “You are hereby directed to vacate the Post-No-Debit restriction placed on the accounts of the under-listed bank customers at our instance. You are also required to inform the concerned customers of the vacation accordingly.”
The CBN instructed banks to freeze the accounts of 18 companies in 2021, including exchange bureaus, building contractors, investment enterprises, money-laundering services, and real estate firms.
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 were among the businesses that were impacted.
Al-Ishaq Global Resources Limited, Spray Resources, Himark Intertrades, Charblecom Concept Limited, and Wudatage Global Resources were some of the others.
They also included Zahraddeen Haruna Shahru, Fyrstrym Global Concepts Limited, Treynor Soft Ventures, and Samarize Global Nigeria Limited.
