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
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- 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
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