The Central Bank of Nigeria has secured an order from an Abuja Federal High Court to freeze eleven accounts of five companies and an individual linked to suspicious activities.
The bank accounts are those belonging to Albert Austine Ugochukwu, Belfour Energy & Allied Services, Belfour oil and gas, Circle Flow Integrated Service, Kacynaus Reality Nig Ltd and Tasmara Integrated Services.
The six parties are the defendants and respondents in the case with the apex bank.
The order came via the court application by CBN on March 12 and 16, 2021 directing First City Monument Bank to freeze all transactions of eleven bank accounts linked to the defendants and respondents for 180 days.
The CBN believe freezing the accounts would help to successfully conduct an investigation on the affected parties.
The investigation is connected to Oluwatoyosi Suwebat Oladipo, an Assistant Manager at the CBN Headquarters in Abuja.
In a document signed by the presiding judge, A.R. Mohammed, dated March 30, 2021, the court granted an interim order to block the accounts of the defendants in First City Monument Bank pending the outcome of the investigation conducted by the apex bank.
Muhammed said, “An interim order is made empowering the applicant to direct the head office of First City Monument Bank Ltd to freeze forthwith all transactions on the bank accounts listed on the motion paper for a period of 45 days only pending the outcome of investigation currently being conducted by the Central Bank of Nigeria.”
But based on the ruling, the order is renewable on expiration on justifiable grounds.
The court said the affected parties could approach the to either seaside or have the order reviewed.
Comments are closed.