The Central Bank of Nigeria (CBN) has unfrozen about four hundred and forty company and individual bank accounts nationwide.
The CBN issued a directive to all commercial banks to lift the post-no-debit restriction, including ATMs and cheques on the bank accounts.
The affected companies on the list include Bamboo Systems Technology Limited, Escale Oil & Gas Limited, Rise Vest Technologies Limited, Chaka Technologies Limited, abokiFX Limited, Nairabet International, Northwood Energy Services, and Proport Marine Limited, among others.
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The restriction prevented any debit transactions on the accounts but allowed for inflows.
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A circular, signed by A M Barau on behalf of the CBN director of banking supervision, instructed banks to inform the affected customers of the vacation.
However, the apex bank did not provide a reason for the action.
The circular read:
“You are hereby directed to vacate the Post-No-Debit restriction placed on the accounts of the underlisted bank customers at our instance.
“You are also required to inform the concerned customers of the vacation accordingly.”
