Tag Archives: accounts

The Central Bank of Nigeria (CBN) has denied instructing banks to restrict cryptocurrency accounts.   In a circular shared on social media, it was stated that all deposit money banks (DMBs), non-bank financial institutions (NBFIs), and other financial institutions (OFIs) have been directed to identify persons and entities transacting in …

Binance has disclosed that it restricted 281 accounts belonging to Nigerians in 2022 due to money laundering concerns.   In a statement published on Binance’s website, the cryptocurrency exchange platform disclosed that its team visited Nigeria twice in the fourth quarter, conducting comprehensive law enforcement training sessions for officials of …

A Ghanaian man, Michael Houston, has revealed that his two wives have complete access to his bank accounts.   Michael, who got married to his wives same a few weeks ago, disclosed this in a Facebook post on Wednesday, January 3.    “In a relationship make sure your woman’s account …

Former governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has filed a lawsuit against a Special Investigator appointed by President Bola Tinubu, following a report against him which he described as satanic, baseless, defamatory and false.   Recall that in the report presented to President Bola Tinubu, the …

A presidential panel investigating the activities of the Central Bank of Nigeria (CBN) under the tenure of former Governor Godwin Emefiele has uncovered unauthorised investments of Nigeria’s funds in 593 foreign bank accounts across the United States, China and the United Kingdom.  This was part of the final report that …

A High Court in the Federal Capital Territory (FCT), Abuja, has issued an order freezing 10 bank accounts belonging to Oyo state government.    Justice A. O. Ebong gave the order in a ruling on a proceeding initiated by ex-council chiefs in Oyo state, sacked on May 29, 2019 by …

The Central Bank of Nigeria (CBN) says beginning from April 2024 , it will freeze accounts without a Bank Verification Number (BVN) or National Identification Number (NIN).   A circular released by the apex bank on Friday, December 1, instructed banks to place a “Post no Debit” restriction which prevents …

  Kogi State Government under the leadership of Yahaya Bello has ordered the immediate freezing of all state and local government accounts.   The directive, issued on Thursday, November 22, by the Commissioner for Finance, Asiwaju Asiru Idris, prohibits any further disbursements from these accounts until further notice. The statement …

Yobe State Police Command has arrested a wanted fraudster, Justice Gibson, who specialized in swapping Automated Teller Machine (ATM) cards of bank customers to defraud them.      Spokesperson of the command, DSP Dungus Abdulkarim, who disclosed this in a statement on Thursday, September 28, 2023, said the suspect sneaks …

The Federal Capital Territory Police Command has arrested a 36-year-old mother of two, Bunmi Samuel, and her boyfriend, Nuhu Zaria for theft and fraud using SIM cards.    The FCT Commissioner of Police, CP Haruna Garba, paraded the couple alongside other suspects at the command headquarters in Abuja on Thursday, …