The Central Bank of Nigeria instructed banks to place a post -no -debit on the bank accounts of 38 companies .
The affected accounts belong to betting companies , bureau de change companies and some logistics companies , according to a report by
The Cable on Saturday .
One of the companies , Premier Lotto , is owned by Adebutu Kessington, a Nigerian businessman popularly known as “ Baba Ijebu .”
The report stated that the companies were being accused of forex infractions, moving forex abroad without the required authorisation and “ economic sabotage . ”
Sources said that one of the gaming companies moved $ 420 m abroad under the guise of purchasing software but the funds were later traced to the foreign accounts of some of the directors of the company .
“ The forex was sourced from the black market , thereby putting pressure on the exchange rate .
“ The gaming companies are awash with naira which sit in their bank accounts , so they devised a way of moving the funds abroad ,” a source said.
In a September 4 memo signed by the Director of Banking Supervision , Bello Hassan , read, “ 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 . ”
A post -no -debit means that all debit transactions , including ATMs and cheques , on the accounts have been blocked but money can be deposited into the accounts .
Some of the affected companies are Premier Lotto Limited, 3 D Scanners Bureau De Change Limited, Blue Wall Nigeria Limited, JNFX International Limited and Northline Limited.
Others are SV Gaming Limited , R &S Lotto Limited , TM Gaming Networks Limited, Escale Oil and Gas Limited , Barkoli Trading Company Limited , Godoni Enterprises Limited.
The apex bank said only the listed companies should be placed on PND adding that all related accounts be excluded.
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