CBN Moves Against Top Indigenous Firms Suspected Of Economic Sabotage
In a vexed move by the Central Bank of Nigeria against some top Indigenous firms in the country over economic and financial sabotage including infractions in the forex space ,the CBN has officially written to some commercial banks in the country to place a PND (Post -no – Debit) on suspected accounts pending the conclusion of an on going investigation against those companies.
On the list are Adebutu Kessington and Akin Alabi, the owners of Premier Lotto, aka ‘Baba Ijebu’, and NairaBET, respectively.
Also affected are Adebutu’s sons, as wells as some bureau de change and logistics companies.
The directive was contained in a statement on Tuesday by Z. Markus, on behalf of Director of Banking Supervision, Bello Hassan.
The deadline is 4:00 pm of Wednesday, September 16.
Others are Premier Lotto, R&S Lotto Limited, TM Gaming Networks Limited, Escale Oil and Gas Limited, Barkoli Trading Company Limited and Godoni Enterprises Limited.
A memo to banks by Bello Hassan read: “You are hereby required to place the under listed accounts on post-no-debit with immediate effect and revert with the account names, numbers, currencies and balances of all accounts placed on PND.”
It was revealed that an ongoing investigation discovered a betting company that moved over $400m in a deal relating to purchase of software but was traced to the foreign accounts of the directors of the same company.