CBN freezes 11 bank accounts, individuals

The Central Bank of Nigeria froze the bank accounts of 11 companies and individuals.

The announcement came Wednesday, after CBN received an interim order from the Federal High Court, Abuja Department, to freeze 11 bank accounts of 5 companies and one individual for 45 days to allow him to conduct investigations into suspicious activities.

The order follows an ex parte request of March 12 and filed March 16, requesting a mandatory court order to direct the commercial bank, to freeze all transactions in the said accounts and all other bank accounts of the defendants for 180 days pending the outcome of the investigation and investigation leads CBN.

This disclosure is contained in documents published by apex bank on its website on Wednesday, April 7, 2021.

According to CBN’s statement, the names of the accused / respondents include Albert Austin Ugochukwu with two bank accounts, Belfour Energy & Allied Services, Belfour Oil and Gas Limited with three bank accounts, Circle Flow Integrated Services, Kacynaus Reality Nigeria Limited with three bank accounts and integrated Tasmar services.

The court document also states that the order was given by the court after reading the Statement in Support of the Motion, the Statement of Urgency, the Certificate of Appeal and the Statement of Non-Multiplicity of actions all overthrown by the CBN Assistant Manager, Central Business District. , Oluwatoyosi Suwebat Oladipo, together with the attached exhibit.

The Federal High Court’s order reads in part: “An interim injunction is issued authorizing the applicant to direct the commercial bank’s headquarters to immediately freeze all transactions in the bank accounts specified in the proposal for a period of only 45 days outcome of the investigation currently being conducted by the Central Bank of Nigeria. “

The document also states that the order given by Presiding Judge AR Mohammed could be renewed upon expiration, but only for justified reasons and any person affected by this order had the right to apply to the court for annulment, dismissal or approval. reasons, it is said.