The Central Bank of Nigeria (CBN) has unfrozen bank accounts of 440 individuals and companies.
To that end, the apex bank has directed other banks to vacate the post-no-debit restriction placed on the bank accounts.
The apex regulator had two years ago, instructed banks to freeze accounts of 18 companies, bureaux de change (BDCs), construction firms, investment companies, property companies.as well as laundering services.
The affected companies were Ashambrakh General Enterprise, Namuduka Ventures Limited, Bakori Mega Services, Crosslinks Capital and Investment Limited, IGP Global Synergy Limited, Davedan Mille Investment Limited and Urban Laundry.
Others were Advanced Multi-Links Services Limited, Spray Resources, Al-Ishaq Global Resources Limited, Himark Intertrades, Charblecom Concept Limited, Wudatage Global Resources, Treynor Soft Ventures, Fyrstrym Global Concepts Limited, Samarize Global Nigeria Limited, and Zahraddeen Haruna Shahru.
Bamboo Systems Technology Limited, Escale Oil & Gas Limited, Rise Vest Technologies Limited, Chaka Technologies Limited, abokiFX Limited, Nairabet International, Northwood Energy Services, Proport Marine Limited, among others were also on the list.
A recent circular signed by A.M. Barau on behalf of the CBN director of banking supervision, has directed banks to vacate the earlier directive.
The CBN also directed the banks to notify the concerned customers of the development.
The circular read: “You are hereby directed to vacate the Post-No-Debit restriction placed on the accounts ofthe underlisted bank customers at our instance. You are also required to inform the concerned customers of the vacation accordingly.”