CBN freezes 84 bank accounts of companies, individuals under investigation

The Central Bank of Nigeria (CBN) has secured an interim order from the Federal High Court in Abuja, freezing 84 bank accounts belonging to 25 individuals and companies.

Among those affected by the new order are Nuhu Abubakar, Lat-Ade Logistics, Adenmosun Lateef Jimoh, Lateef Adenmosun, Saki Polo Global Investment Limited, Sam Polo Concept Enterprises, Saki Abdullahi, Saneo Global Resources Limited, Saneo Global Resources LTD, Romvic Ventures NIG LTD, Romvic Ventures Nigeria Limited, Enychristo Enterprises, Ezeh Onyebuchi and Ezeh Onyebuchi Chris.

The others are Christopher .O. Ezeh, Christopher Onyebuchi Ezeh, Ezeh Christopher Onyebuchi, Mandes Mega Concepts Limited, Okpalaugo Paul Ifeanyi, Okpalagu Ifeanyi Paul, Ifeanyi Paul Okpalaugo, Paul Ifeanyi Okpalaugo, Chinweuba Okoye Sunday, Sunday Chinweuba Okoye, Okoye Chko.

Affected bank accounts are domiciled in First Bank Plc, Keystone Bank PLC, Polaris Bank Plc, Zenith Bank Plc, Fidelity Bank Plc, Guaranty Trust Bank Plc, Stanbic IBTC Plc, Access Bank Plc, First City Monument Bank Plc, Heritage Bank Plc, United Bank of Africa, Eco Bank Plc and Sterling Bank Plc.

CBN asked the court for an order ordering the ordered banks to freeze their accounts “for a period of 180 days until the outcome of the investigation and the investigation currently being conducted by the Central Bank of Nigeria.”

Ahmed Mohammed, the presiding judge, approved the apex bank application on March 30.

However, the freezing order would last only 45 days compared to the required 180 days.

Mohammed said: “The order can be renewed upon expiration, but only for justified reasons.”

“The applicant (CBN) will publish this order on its website within three days of today,” he added.

“Any person or persons to whom this order relates shall have the right to apply to a court to have it revoked, dismissed or shown for justified reasons.”

In two more separate applications, the court also issued an order freezing the accounts of four other companies for 45 days.

Affected companies are Bluebeam Capital Limited, Sethwealth Ventures, Sethweath Ventures Ltd and Seasons Bureau de Change Ltd.

CBN has recently been taking over companies and individuals with suspicious banking transactions, especially for money laundering and illegal forex transactions.

The Association of Change Bureau Operators of Nigeria (ABCON) announced on 26 members were recently arrested by security operatives, due to alleged illegal foreign exchange transactions.