April 13, 2021
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CBN Gov Emefiele

CBN orders Access Bank, FCMB to block accounts of 7 firms on suspicious transactions

By on April 8, 2021 0 116 Views

By Samuel Bankole

The Central Bank of Nigeria (CBN) has obtained the order of a Federal High Court, Abuja division, to freeze the account of Bluebeam Capital Limited domiciled in Access Bank.

According to the notice posted on its websites, the court empowered the governor of the CBN or his agent to direct Access Bank to freeze the bank accounts of  Bluebeam Capital Limited.

The company is a responder in a suit filed by the CBN, of which details the regulatory bank did not disclose in the document.

The instructions to Access Bank is to freeze the company’s accounts for a period of 180 days.

The company’s accounts are to remain freeze pending the outcome of investigation and inquiry by the CBN.

The document listed eight accounts of the respondent as the affected accounts that lien should be placed on.

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The CBN has last year revealed it was investigating some companies for illegal foreign exchange dealings. The regulatory bank also obtained court injunction to freeze the accounts of some sponsors of the #endsars protest that rocked the country last year.

Bluebeam Capitals Limited described itself as a first class financial consulting company.

“We offer a combination of trade and financial services tailored to meet clients’ specific needs who are active in the African markets.

“Our services are geared to assist businesses of all sizes from individuals to multinational companies. Since inception, BCL has built a reputation for professionally executing transactions to deliver best value to clients,” the company wrote on its website.

The CBN on Wednesday said it has obtained a court order to freeze the accounts of eleven companies with the First City Monument Bank (FCMB).

The companies are; Albert Austin Ugochukwu with two bank accounts; Belfour Energy & Allied Services; Belfour Oil and Gas Limited with three bank accounts; Circle Flow Integrated Services; Kacynaus Reality Nigeria Limited with three bank accounts; and Tasmara Integrated Services.

The motion exparte which was dated March 12 and filled on March 16 sought the mandatory order of the court to direct FCMB to freeze all transactions on accounts and all other bank accounts of the defendants for a period of 180 days pending the outcome of investigation and inquiry currently being conducted by the CBN.

Sources said some of the accounts may have been used for illegal forex dealings, forcing the regulatory bank to an obtained a court injunction to look into both inflows and outflows in the accounts.

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