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CBN Freezes Bank Accounts over FX Infractions


The bank accounts of corporates and individuals have been frozen by the Central Bank of Nigeria (CBN) over allegations of foreign exchange (FX) infractions.
The affected accounts are over 190 and they were frozen after the central obtained an order from the federal high court sitting in Abuja.
The apex bank said it wants transactions on the accounts restricted pending the outcome of the investigation into the alleged violations in excess of $160 million.
A notice of the order freezing the accounts disclosed that the restriction would be for a period of 45 days and some of them belong to Bluebeam Capital Limited. ....

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