The Central Bank of Nigeria(CBN) on Wednesday, April 7 froze 11 bank accounts to enable it to conduct investigations into suspicious activities.

This was disclosed by the CBN in two documents posted on its website affirming it got the order from the Federal High Court, Abuja division to carry out the exercise

The CBN as the plaintiff listed the names of the defendants /respondents as Albert Austin Ugochukwu with two bank accounts, Belfour Energy and 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.

The motion exparte dated 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 18 days pending the outcome of the investigation and inquiry currently going on by the CBN.

The document states that the investigation was connected to a female who is an ‘’Assistant Manager of the CBN, Central Business District, Oluwatoyosi Suwebat Oladipo’.

In another development signed by the presiding Judge, A.R Mohammed , the court empowered the CBN to direct FCMB to freeze all transactions on the bank accounts for a period of 45 days only, pending the outcome of the investigation.

It noted also that the order was renewable on expiration but only for good reasons shown.

According to it, any person affected by this order was entitled to approach the court to seek to set aside, discharge or have the order reviewed for good reasons..

By TheInterviewsNigeria

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