CBN Lifts Ban On AbokiFX, Bamboo, Nairabet, Others
The Central Bank of Nigeria (CBN) has ordered banks to vacate a post-no-debit restriction placed on the bank accounts of 440 individuals and companies.
This means that all debit transactions, including ATMs and cheques, on the accounts have been blocked but can receive inflows.
The circular, signed and issued by A.M. Barau on behalf of the CBN director of banking supervision, on Tuesday, also instructed banks to notify the concerned customers of the development.
The apex bank did not give any reason for the action.
Some of the companies on the list include Bamboo Systems Technology Limited, Escale Oil & Gas Limited, Rise Vest Technologies Limited, Chaka Technologies Limited, abokiFX Limited, Nairabet International, Northwood Energy Services and Proport Marine Limited.
The circular read, “You are hereby directed to vacate the Post-No-Debit restriction placed on the accounts of the under-listed bank customers at our instance.
