CBN freezes 11 bank accounts




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The Central Bank of Nigeria Wednesday said it got an order from the Federal High , Abuja division, to freeze 11 bank accounts to enable it conduct investigations into suspicious activities.

It disclosed this in documents posted its website Wednesday.

The CBN as the plaintiff, listed the names of the defendants/respondents as Albert Austin Ugochukwu bank accounts; Belfour Energy & Allied Services; Belfour and Gas Limited three bank accounts; Circle Flow Integrated Services; Kacynaus Reality Nigeria Limited three bank accounts; and Tasmara Integrated Services.

The motion exparte which dated March 12 and filled March 16 sought the mandatory order of the to direct First Monument Bank Limited to freeze all transactions on accounts and all other bank accounts of the defendants for a period of 180 days pending the outcome of and inquiry currently being conducted by the CBN.

According to the document, the connected to a female who is an ‘Assistant of the CBN, Central District, Oluwatoyosi Suwebat Oladipo’.


In another document signed by the Presiding , A.R. Mohammed, the empowered the CBN to direct FCMB to freeze all transactions on the bank accounts for a period of 45 days only, pending the outcome of .

It added that the order renewable on expiration but only on good reasons shown.

Any person affected by this order was entitled to approach the country to seek to set aside, discharge or have the order reviewed for good reasons, it said.

Source