A memo circulating online (see below) indicates the central bank has instructed banks to Post-No-Debit on account of 38 companies.

A Post-No-Debit (PND) is basically an instruction to banks not to allow any withdrawals or transfers from the bank account of account owners, essentially blocking the account from outflows.

It is usually drastic a measure taken to allow for investigation and possible to reclaim any illegal inflow into an account.

The CBN did not state why the accounts were flagged but TNL learnt that the move by the apex bank comes months after the Economic and Financial Crimes Commission launched an investigation into the activities of Adebutu for alleged tax fraud and economic sabotage.

The CBN Instruction read as follows;

“You are hereby required to place the under listed accounts on Post-No-Debit with immediate effect and revert with the account names, numbers, currencies, and balances of all accounts placed on PND.”

Names   Affected Accounts
1. Premier Lotto Limited All Bank Accounts
2. SV Gaming Limited All Bank Accounts
3. R&S Lotto Limited All Bank Accounts
4. Over The Top Entertainment Limited All Bank Accounts
5. Beaufortbet  Nigeria Limited. All Bank Accounts
6. TM Gaming Network Limited. All Bank Accounts
7. Fumsky Bureau De Change Limited. All Bank Accounts
8. 3D Scanners Bureau De Change Limited. All Bank Accounts
9. Blue Sleevers Bureau De Change Limited. All Bank Accounts
10. Maiburgama Bureau De Change Limited. All Bank Accounts
11. Upfront Movers Limited All Bank Accounts
12. Pocasharks Ventures All Bank Accounts
13. Incel Trading & Suppliers Limited All Bank Accounts
14. Savvy Corp Limited All Bank Accounts
15. Barkoli Trading Company Limited All Bank Accounts
16. Comm Professional Limited All Bank Accounts
17. Blue Wall Nigeria Limited All Bank Accounts
18. JNFX International Limited All Bank Accounts
19. Suxus General Trading Limited All Bank Accounts
20. Escale Oil & Gas Limited All Bank Accounts
21. Triune Resources & Energy Limited All Bank Accounts
22. Exchange Telecommunications Limited All Bank Accounts
23. Vingt Communications Limited All Bank Accounts
24. Incel Mega Resources Limited All Bank Accounts
25. Camberwell Logistics Limited All Bank Accounts
26. Godoni Enterprises Limited All Bank Accounts
27. Crescentpillars Investment Limited All Bank Accounts
28. Carisbrooke Global Enterprises All Bank Accounts
29. Nitelgale Global Resources Limited All Bank Accounts
30. Northline Limited All Bank Accounts
31. Befour Energy & Allied Services Limited All Bank Accounts
32. Tasmara Integrated Services Limited All Bank Accounts
33. Incel Integrated Services Limited All Bank Accounts
34. Laketrail Investments Limited All Bank Accounts
35. Tamrose Ventures Limited All Bank Accounts
36. Roots Mining Company Limited All Bank Accounts
37. Rapid International Procurement Limited All Bank Accounts
38. Springgreek Capital Limited All Bank Accounts
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