The Central Bank of Nigeria has ordered that the four-hundred and forty individuals and businesses’ bank accounts that were placed under a post-no-debit restriction, be removed by banks.

The businesses affected by this instruction include Bamboo Investment, AbokiFX and NairaBet.

Others are Bakori Mega Services, Ashambrakh General Enterprise, Namuduka Ventures Limited, Crosslinks Capital and Investment Limited, IGP Global Synergy Limited, Davedan Mille Investment Limited and Urban Laundry, Advanced Multi-Links Services Limited, Spray Resources, Al-Ishaq Global Resources Limited, Himark Intertrades, Charblecom Concept Limited, and Wudatage Global Resources.

The lifted restriction was announced in a circular signed by A.M. Barau on behalf of the CBN Director of banking supervision and gave banks instructions on how to alert affected clients to the change.

In  February, 2021, the Central Bank of Nigeria (CBN) directed Deposit Money Banks, Non-Bank Financial Institutions and Other Financial Institutions to close the accounts of individuals or institutions engaging in the trade of crypto currencies.

The CBN also gave instructions in the same year to freeze the accounts of 18 businesses, including money-changing bureaus, construction companies, investment firms, money-laundering services, and real estate enterprises.

18 companies that were affected by this instruction now have their bank accounts unfrozen.

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