This implies that all debit transactions, including Automated Teller Machines and cheques, on these accounts, have been blocked but can receive inflows.
The directive was contained in a circular dated August 18 and signed by the Director of Banking Supervision, CBN, Haruna Mustapha, according toThe circular read in part, “You are hereby directed to place all accounts of the under-listed customers on Post-No-Debit restriction.
Others are, “Advanced Multi-Links Services Limited, Spray Resources, Al-Ishaq Global Resources Limited, Himark Intertrades, Charblecom Concept Limited, Wudatage Global Resources, Treynor Soft Ventures, Fyrstrym Global Concepts Limited, Samarize Global Nigeria Limited, and Zahraddeen Haruna Shahru.However, the affected accounts belong to bureaux de change, construction firms, investment companies, laundering services, and property companies.
Meanwhile, the CBN has cautioned microfinance banks against performing certain non-permissible activities, which include wholesale backing and foreign exchange transactions.
RIPPLE EFFECT: Blocking companies' accounts means salaries would not be paid. If it runs to months, people would be laid off and crimes might just be increased.
Who will block Emefiele account 🥴
Na wa o
Ewé 😅 Yahaya Bello of Kogi State on this one 🤸🤸. BBNaija if he can do THIS 😧? BBNaijaShineyoureyes Ooh🥺
Na wah o 😂