The Central Bank of Nigeria (CBN) in a memo sent to all Deposit Money Banks (DMB), which later circulate to the public, instructed banks to place a Post-No-Debit (PND) on account of 38 companies, thereby freezing the banks accounts.

When a Post-No-Debit (PND) is placed on an account, banks will not allow any withdrawals or transfers from the bank account of account owners, essentially blocking the account from outflows.

The CBN in the September 4 2020 memo to banks, signed by CBN 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”.

Below are the list of companies affected by the CBN directives

S/NCOMPANIES NAMEAFFECTED ACCOUNTS
1.Premier Lotto LimitedAll Bank Accounts
2.SV Gaming LimitedAll Bank Accounts
3.R&S Lotto LimitedAll Bank Accounts
4.Over The Top Entertainment LimitedAll 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 LimitedAll Bank Accounts
12.Pocasharks VenturesAll Bank Accounts
13.Incel Trading & Suppliers LimitedAll Bank Accounts
14.Savvy Corp LimitedAll Bank Accounts
15.Barkoli Trading Company LimitedAll Bank Accounts
16.Comm Professional LimitedAll Bank Accounts
17.Blue Wall Nigeria LimitedAll Bank Accounts
18.JNFX International LimitedAll Bank Accounts
19.Suxus General Trading LimitedAll Bank Accounts
20.Escale Oil & Gas LimitedAll Bank Accounts
21.Triune Resources & Energy LimitedAll Bank Accounts
22.Exchange Telecommunications LimitedAll Bank Accounts
23.Vingt Communications LimitedAll Bank Accounts
24.Incel Mega Resources LimitedAll Bank Accounts
25.Camberwell Logistics LimitedAll Bank Accounts
26.Godoni Enterprises LimitedAll Bank Accounts
27.Crescentpillars Investment LimitedAll Bank Accounts
28.Carisbrooke Global EnterprisesAll Bank Accounts
29.Nitelgale Global Resources LimitedAll Bank Accounts
30.Northline LimitedAll Bank Accounts
31.Befour Energy & Allied Services LimitedAll Bank Accounts
32.Tasmara Integrated Services LimitedAll Bank Accounts
33.Incel Integrated Services LimitedAll Bank Accounts
34.Laketrail Investments LimitedAll Bank Accounts
35.Tamrose Ventures LimitedAll Bank Accounts
36.Roots Mining Company LimitedAll Bank Accounts
37.Rapid International Procurement LimitedAll Bank Accounts
38.Springgreek Capital LimitedAll Bank Accounts
CBN Freeze order on Baba Ijebu Lotto Bank Account