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The Central Bank of Nigeria (CBN),has directed banks to lift the Post No Debit (PND) order earlier placed on the banking accounts of 33 Bureaux de Change (BDCs).
A post-no-debit means that all debit transactions, including ATMs and cheques, on the accounts, have been blocked but such account can receive inflows.
The bank’s latest action was contained in a circular by its director of banking supervision, Z Markus.
He said: “All banks are hereby directed to vacate the Post No Debit order earlier placed at our instance on the underlisted accounts.”
The circular listed 33 bureau de change firms, which include First Currency Bureau de Change Limited, Javic bureau De Change Limited and Epoch Bureau de Change Limited.
Last month, the CBN directed banks to send details of the accounts of the effected companies.
Last year,the apex bank also instructed banks to freeze accounts of 38 companies, including premier Lotto, owned by Adebutu Kessington, a Nigerian businessman popularly known as “Baba Ijebu”.
“You are hereby directed to place all accounts of the under-listed customers on Post-No-Debit (PND) restriction,” the circular reads.
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