CBN to order freezing of BDC accounts due to ‘suspicious activities’

CBN to order freezing of BDC accounts due to ‘suspicious activities’

The Central Bank of Nigeria (CBN) is set to freeze 194 bank accounts owned by Bureaux de Change firms and other organisations so as to conduct investigations into suspicious activities.

Accordingly, the CBN has obtained three court orders in order to enforce this mandate.

In a document signed by the presiding Judge from the Federal High Court, Abuja; A.R. Mohammed at the weekend, it empowered the CBN to direct the banks to freeze all the bank accounts for a period of 45 days only, pending the outcome of the investigation.

It stated, “The order may be extended upon good reasons shown. Any person aggrieved by this order could apply to the court to have the order set aside; discharged or have the order reviewed for good reasons without waiting for the 45 days to lapse.”

Equally important, some of the firms affected are Seasons Bureau De Change Limited; Sethwealth Ventures Limited; Sani Polo Global Investment Limited; Romvic Ventures Limited and Blue Beam Capital Limited, among others.

Meanwhile, the O’odua Peoples Congress (OPC) has criticised the former Chief of Army Staff, Abdurahman Dambazau (retd) for likening them; as well as the Indigenous People of Biafra (IPOB) to Boko Haram.

Dambazzau, on Saturday compared the proscribed Indigenous People of Biafra (IPOB) and the OPC with Boko Haram.

Specifically, Dambazzau spoke at the inauguration of Army War College Nigeria Course in Abuja; with the former Army Chief stating that those groups are like Boko Haram sect; who don’t believe in the oneness of Nigeria.

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Reacting, OPC in a statement released by its Publicity Secretary Mr Yinka Oguntimehin on Saturday, April 10, said the former Army Chief was suffering from ”acute dementia and gradually losing touch with the realities of the moment.

Further, the OPC held that Dambazau and four top Northern leaders in 2014 before the general election, were behind the recruitment of bandits into the country.

Dambazau’s statement that OPC and IPOB are very much the same as the dreaded Boko Haram was made in bad faith. Such statements raise questions about his intentions, interests and morality; as a former COAS that has been supporting bandits financially and technically.”

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