Davido’s Wema Bank Account Restricted

Music star, David Adeleke, popularly known as Davido, who opened a bank account asking those inspired by his music and “true friends” to bless him to prove their friendship, has had his account restricted.

He posted the account number on Twitter and has been receiving millions of Naira, which have now accumulated to over N130m (as at the time of filing this report).

Davido made sure to give updates of the amount his money had gotten to from time to time as he received numerous credit alerts, and it was noticed in his recent updates that debits had been restricted from the account, meaning as of this moment, he can’t withdraw any money from the account.

A bank can place an account on Post-No-Debit (PND), which is an instruction not to allow any withdrawals or transfers from the bank account of account owners, essentially blocking the account from outflows.

It is usually a drastic measure taken to allow for investigation and possibly reclaim any illegal inflow into an account.

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