Omowunmi Semudara
The Central Bank of Nigeria has lifted the ban placed on the bank accounts of 440 individuals and companies, while instructing banks to unblock all debit transactions, including ATMs and cheques, on the accounts .
The Apex bank decision was contained in a circular, signed by A.M. Barau on behalf of the CBN director of banking supervision.
CBN further instructed banks to notify the concerned customers of the development.
“You are hereby directed to vacate the Post-No-Debit restriction placed on the accounts of the under-listed bank customers at our instance.”
“You are also required to inform the concerned customers accordingly.” the circular read in part.
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, among others.m
