A Federal High Court on Monday in Abuja ordered the temporary freezing of 45 bank accounts belonging to three companies allegedly involved in smuggling of rice into Nigeria.
The companies whose accounts were domiciled with ten commercial banks in Nigeria are Sun Sam A1 International Limited, Sun Sam International Limited and Sunchrist O. Trans Nigeria Limited.
Justice Ahmed Mohammed directed the Head offices of First Bank Nigeria PLC, Stanbic IBTC Bank, Union Bank PLC, United Bank for Africa (UBA), Zenith Bank PLC, Sterling Bank, Access Bank, First City Monument Bank (FCMB), Polaris Bank and Eco Bank Nigeria to freeze forthwith all transactions from those accounts for 45 days.
Mortgage Warehouse Funding pre-finances N88.5m mortgages(Opens in a new browser tab)
Justice Mohammed said that this was pending the outcome of the investigation and inquiry currently being conducted by the Central Bank of Nigeria (CBN).
Ruling on an ex-parte application on behalf of the apex bank by…
Source: Vanguard Newspaper
