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CBN Freezes 11 Bank Accounts Of Companies, Individual The order follows an ex parte motion, dated March 12 and filed on March 16, seeking the mandatory order of the court to direct a commercial bank by SaharaReporters, New York Apr 08, 2021 The Central Bank of Nigeria has frozen the bank accounts of 11 companies and individual. The announcement came on Wednesday, after the CBN got an interim order from the Federal High Court, Abuja division, to freeze 11 bank accounts of 5 companies and an individual for 45 days to enable it to conduct investigations into suspicious activities. The order follows an ex parte motion, dated March 12 and filed on March 16, seeking the mandatory order of the court to direct a commercial bank, to freeze all transactions on the listed accounts and all other bank accounts of the defendants for 180 days pending the outcome of investigation and inquiry currently being conducted by the CBN.

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