Home of Nigeria Latest News and Updated Information
tag-iconAdebutu , Akin Alabi , CBN , sons

Produce account statements of Adebutus, Akin Alabi, others says CBN to banks (Full list)

user_icon Posted by:
Tiamiyu Saheed Oluwatosin
views-icon Views:
like-icon Page likes:
dislike-icon Page dislikes:
calendar-icon Posted on: 2020-09-16 15:48:27
share-icon Share(s):

The Central Bank of Nigeria (CBN) has ordered banks to produce account statements of some betting company owners.
On the list are Adebutu Kessington and Akin Alabi, the owners of Premier Lotto, aka ‘Baba Ijebu’, and NairaBET, respectively.
Also affected are Adebutu’s sons, as wells as some bureau de change and logistics companies.
The directive was contained in a statement on Tuesday by Z. Markus, on behalf of Director of Banking Supervision, Bello Hassan.
The deadline is 4:00 pm of Wednesday, September 16.
Early September, the CBN placed a post-no-debit on the bank accounts of 38 companies.
They included 3D Scanners Bureau De Change Limited, Blue Wall Nigeria Limited, JNFX International Limited and Northline Limited, SV Gaming Limited.
Others are Premier Lotto, R&S Lotto Limited, TM Gaming Networks Limited, Escale Oil and Gas Limited, Barkoli Trading Company Limited and Godoni Enterprises Limited.
A memo to banks by Bello Hassan read: “You are hereby required to place the under listed accounts on post-no-debit with immediate effect and revert with the account names, numbers, currencies and balances of all accounts placed on PND.”
The companies are being accused of forex infractions, moving forex abroad without the required authorization and “economic sabotage.”
A betting company reportedly moved $420million abroad under the pretext of software purchase.
But the funds were traced to the foreign accounts of its directors.

DO YOU KNOW >>> Danbatta inaugurates Evaluation Committee for 2020 research proposals

READ ALSO >>> Cracks in Ogun PDP as Adebutu’s Personal Assistant, others join APC


READ ALSO >>> Niger State secures N1.5 billion CBN loan to boost agriculture, empower 10,000 youths


BREAKING >>> Danbatta inaugurates Evaluation Committee for 2020 research proposals

For All Nigeria Past Questions Visit www.QUESTION.NG

Kindly share this post on different Social Media below


NOTE: User comments in this section are, as the name implies, provided by users of this website. The question.ng team is not responsible for, nor do they endorse, any of the information provided here.