The Central Financial institution of Nigeria has frozen the financial institution accounts of 11 corporations and particular person.
The announcement got here on Wednesday, after the CBN received an interim order from the Federal Excessive Courtroom, Abuja division, to freeze 11 financial institution accounts of 5 corporations and a person for 45 days to allow it to conduct investigations into suspicious actions.
The order follows an ex parte movement, dated March 12 and filed on March 16, looking for the obligatory order of the court docket to direct a business financial institution, to freeze all transactions on the listed accounts and all different financial institution accounts of the defendants for 180 days pending the result of investigation and inquiry presently being carried out by the CBN.
This disclosure is contained in paperwork posted by the apex financial institution on its web site on Wednesday, April 7, 2021.
In line with the assertion from the CBN who’s the plaintiff, the listed names of the defendants/respondents embrace Albert Austin Ugochukwu with two financial institution accounts, Belfour Vitality & Allied Companies, Belfour Oil and Fuel Restricted with three financial institution accounts, Circle Stream Built-in Companies, Kacynaus Actuality Nigeria Restricted with three financial institution accounts and Tasmara Built-in Companies.
The court docket doc additionally states that the order was given by the court docket upon studying the Affidavit in help of the Software, Affidavit of Urgency, Verifying Affidavit and Affidavit of Non-Multiplicity of motion all deposed by an Assistant Supervisor of the CBN, Central Enterprise District, Oluwatoyosi Suwebat Oladipo, along with an connected exhibit.
The order from the Federal Excessive Courtroom partly reads, “An interim Order is made empowering the applicant to direct the Head Workplace of the business financial institution to freeze forthwith all transactions on the financial institution accounts listed on the movement paper for a interval of 45 days solely pending the result of investigation presently being carried out by the Central Financial institution of Nigeria.”
The doc additionally states that the order which was given by the Presiding Decide, A.R. Mohammed, was renewable on expiration however solely on good causes proven and any individual affected by this order was entitled to strategy the court docket to hunt to put aside, discharge or have the order reviewed for good causes, it stated.