CBN Freezes 11 Accounts: Who Are The Account Holders?

The Central Bank of Nigeria on Wednesday received an order from the Federal High Court, Abuja division, to freeze 11 bank accounts to enable it to conduct investigations into suspicious activities.

The order was renewable after 45 days if the plaintiff has sufficient reasons to demand for more.

The CBN as the plaintiff, listed the names of the defendants/respondents as 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 Tasmara Integrated Services.

Godwin Emefiele CBN Governor
Godwin Emefiele CBN Governor

The motion exparte which was dated March 12 and filed on March 16 sought the mandatory order of the court to direct First City Monument Bank Limited to freeze all transactions on accounts and all other bank accounts of the defendants for a period of 180 days pending the outcome of investigation and inquiry currently being conducted by the CBN.

According to the document, the investigation was connected to a female who is an ‘Assistant Manager of the CBN, Central Business District, Oluwatoyosi Suwebat Oladipo’. The details of the investigation is still sketchy, hence the need for a court injunction freezing the bank accounts.

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