CBN Freezes Bank Accounts Of Crypto and Trading Platforms In Nigeria

Date: 18-08-2021 7:54 am (2 years ago) | Author: Olusanya Akinrinola
- at 18-08-2021 07:54 AM (2 years ago)
(m)

The Federal High Court Abuja has frozen the bank accounts of some investment and trading platforms that Nigerians have been using to transact online.

Justice Ahmed Mohammed made the order on Tuesday while delivering his ruling in an ex parte application filed by the Central Bank of Nigeria through its lawyer, Micheal Aondoakaa (SAN).

Justice Mohammed stated that persons who were aggrieved by the order could approach the court for redress.

The CBN told the court that the financial activities of the defendants were being probed for operating without obtaining licence as asset management companies and utilizing FX sourced from the Nigerian FX market for purchasing foreign bonds/shares in contravention of the CBN circular referenced TED/FEM/FPC/GEN/01/012, dated July 01, 2015.
The defendants affected by the order are Rise Vest Technologies Limited, Bamboo Systems Technology Limited, Bamboo Systems Tech. Ltd OPNS, Chaka Technologies Limited, CTL/Business Expenses and Trove Technologies Limited.

The CBN had prayed the court for ‘An interim order of this honorable court empowering the plaintiff/ applicant to direct the head offices of Zenith Bank Plc (Churchgate Street, Victoria Island, Lagos), Guaranty Trust Bank Plc (Plot 635, Akin Adesola, Victoria Island, Standard Chartered Bank (142, Ahmadu Bello Way, Victoria Island, Lagos.), Access Bank of Nigeria (999c, Danmole Street, off ldejo Street, Off Adetola Odeku Street, Victoria Island, Lagos), VFD Microfinance Bank (Elephant House. 5, Floor, 214 Broad Street, Marina Island, Lagos), to freeze forthwith all the bank accounts of the defendants/respondents for a period of 180 days pending the outcome of investigation and inquiry conducted by the CBN.”
A senior supervisor of the apex bank, Christiana Gyang, deposed to the fact that the bank had reviewed the activities of the defendants to determine their alleged involvement in illegal foreign exchange.

Posted: at 18-08-2021 07:54 AM (2 years ago) | Hero
- nikiniki at 18-08-2021 04:07 PM (2 years ago)
Online (f)
But why? You are freezing the investors funds and not the company's. If they need to have license write to them and don't destroy the business!!! They are not stealing from anyone!
Posted: at 18-08-2021 04:07 PM (2 years ago) | Gistmaniac
Reply
- joetuckeruj at 9-09-2021 08:56 AM (2 years ago)
(m)
I opened a new bank account in Girokonto on the advice of a friend. He assured me that this is the most reliable and convenient bank.
Posted: at 9-09-2021 08:56 AM (2 years ago) | Newbie
Reply
- joetuckeruj at 10-09-2021 07:02 AM (2 years ago)
(m)
I opened a new bank account in Girokonto on the advice of a friend. He assured me that this is the most reliable and convenient bank. But I didn't trust him and decided to open an account first for a small amount. A year later, I realized that it was really very convenient and profitable for me to carry out financial transactions and pay bills with the help of this bank. Therefore, now I keep most of my money with them.  It is comfortable, and most importantly reliable. If someone is interested, look at their website https://www.girokontokuendigen.de/de/
Posted: at 10-09-2021 07:02 AM (2 years ago) | Newbie
Reply
- Bern_dina at 5-10-2021 07:31 AM (2 years ago)
(f)
That kind of thing is an outrage to the rights of people and the investments of years of many loved ones who have supported each other is a great tragedy but the truth that many times one must prevent against such situations. Bitcoin Profit website protect all your money without a pretext and help you protect your personal information.
Posted: at 5-10-2021 07:31 AM (2 years ago) | Newbie
Reply
ReplyFollow
Login To Post Reply

Latest Updates

Houseboy - Angela Okorie Fires Back At Mercy Johnson's Husband After His Post on 'Mad People (VID)

Moses Bliss & Wife, Marie Wiseborn Spark Pregnancy Rumors As They Arrive Canada (Video)

Wizkid And Babymama, Jada P Quench Split Rumours As They Step Out in Matching Outfit (VID)

Northern Leaders Kick Against The Relocation of US, France Military Base to Nigeria

Rising Nigerian Singer, Gnewzy Who Was Kidnapped in Delta, Regains Freedom After 6 Days

Filmmaker, Mary Njoku Cries Out After Her 7am Flight Was Moved to 6pm Without Explanation

After Heavy Criticism, Teni Reveals Why She Prostrated to Greet Socialite IBD Bende on a Plane

Don't Choose to be Lonely Because of People - Judy Austin Dishes Tips on Fighting For 'Love'

Why I Am Hardly Seen in Public These Days - Veteran Actress, Stella Damasus Opens up (VID)

More Featured Topics

fire TRENDING GISTS fire

THIS WEEK

  1. Following CBN Directive, OPay, Palmpay, Others Clamps Down On Crypto

  2. Wofai Fada’s In-laws Release Public Statement Debunking Reports Of Her Marriage To Their Son

  3. Ipswich Town Promoted to The Premier League After 22 Years

  4. Billionaire's Daughter, DJ Cuppy Shares Wedding Bliss & Dreams Of Her Own Love Story

  5. Drama In Club As Sam Larry Gets Confronted By A Club Guest Over Mohbad’s Death (Video)

  6. Former Nollywood Star, Lola Alao Recounts Shocking Incident Of Assault While Working In Canada

  7. "58 Ex-Govs Embezzled N2.187 Trillion" - EFCC Unveils Startling Revelations (See Full List)

  8. Wofai Fada Defies In-Laws, Ties The Knot With Taiwo Cole In Traditional Ceremony (Photos & Vid)

  9. Security Forces Kill IPOB/ESN IED Specialist In Imo State

  10. Peter Obi Alleges Govt Agencies Conducting Smear Campaigns, Town Hall Meetings Against Him

TOP MEMBERS:
  • gogoman 266
  • fineboy77 153
  • felicilin 123
  • Lade200 105
  • Holopid 76
Read More

Featured Topics

. Houseboy - Angela Okorie Fires Back At Mercy Johnson's Husband After His Post on 'Mad People (VID)

. Moses Bliss & Wife, Marie Wiseborn Spark Pregnancy Rumors As They Arrive Canada (Video)

. Wizkid And Babymama, Jada P Quench Split Rumours As They Step Out in Matching Outfit (VID)

. Northern Leaders Kick Against The Relocation of US, France Military Base to Nigeria

. Rising Nigerian Singer, Gnewzy Who Was Kidnapped in Delta, Regains Freedom After 6 Days

. Filmmaker, Mary Njoku Cries Out After Her 7am Flight Was Moved to 6pm Without Explanation

. After Heavy Criticism, Teni Reveals Why She Prostrated to Greet Socialite IBD Bende on a Plane

. Don't Choose to be Lonely Because of People - Judy Austin Dishes Tips on Fighting For 'Love'

. Why I Am Hardly Seen in Public These Days - Veteran Actress, Stella Damasus Opens up (VID)

. Amidst Witchcraft Accusations, Mercy Johnson Marks Daughter’s 4th Birthday in Style (VID)

. Outcry As Lagos Govt Begins Demolition on Parts of Arowojobe, Mende Estate (Video)

.. Actress Genevieve Nnaji Appreciates Her Fans, Shares Special Moment From Fer 45th Birthday

. Mohbad's PA, Darosha Grilled by Police, Spills More About Singer's Death & Hurried Burial

.. Wofai Fada Defies In-Laws, Ties The Knot With Taiwo Cole In Traditional Ceremony (Photos & Video)

. Mercy Johnson's Husband Raises Awareness On Mental Health Amidst Angela Okorie's Claims

.. "Why INEC’s Server Suffered Glitch During 2023 Presidential Polls" – Peter Obi

.. Controversial singer, Portable Spotted On A Flight To Kenya With Wife, Bewaji Amid Online Drama (Video)

.. Drama As Wofai Fada’s In-laws, The Cole Release Public Statement Debunking Reports Of Her Marriage To Their Son

. Following CBN Directive, OPay, Palmpay, Others Clamps Down On Crypto

. Nigeria Lady Calls Out Her Secondary School Teacher Whom Her Mother Entrusted Her To Over Alleged S3xual Abuse

. Liverpool v Tottenham: English Premier League Match,Team News,Goal Scorers and Stats

. Chelsea v West Ham: English Premier League Match,Team News,Goal Scorers and Stats

. DJ Cuppy Embraces Single Status, Celebrates Independence

. Media Personality, Toke Makinwa Reveals She Wants To Start Fellowship Group

. Actress Yvonne Jegede And Filmmaker Sam Olatunji Slam Angela Okorie For Beefing Mercy Johnson

. Peter Obi Alleges Govt Agencies Conducting Smear Campaigns, Town Hall Meetings Against Him

.. Drama In Club As Sam Larry Gets Confronted By A Club Guest Over Mohbad’s Death (Video)

.. Bandits Kill 46-Year-Old Nigerian Law Professor, Sarinu Ettor Kabo In Benue State

. "Why I Refused To Return Govt Vehicles" – Former Edo Deputy Governor Philip Shaibu Opens Up On Impeachment

.. Outcry Over Alleged Soldier Assault Resulting In Young Man, Yusuf Shuaibu Adamu's Death In Kano (Video)

More Featured Topics