COURT FREEZES BANK ACCOUNTS OF FOREX TRADING PLATFORMS
The Federal High Court, Abuja, has frozen the bank accounts of some investment and trading platforms that Nigerians have been using to transact online.
The Presiding Judge of the Court, Justice Ahmed Mohammed, gave the order on Tuesday while delivering his ruling in an ex parte application filed by the Central Bank of Nigeria through its lawyer, Micheal Aondoakaa (SAN).
The Judge disclosed that persons who are not comfortable with the order could approach the court for redress.
The motion was filed by Chief Micheal Kaase Aondoakaa, SAN, on behalf of the Central Bank Of Nigeria Governor for the purpose of probing the defendants’ financial activities in Nigeria.
The defendants affected by the order are Rise Vest Technologies Limited, Bamboo Systems Technology Limited, Bamboo Systems Tech. Ltd OPNS, Chaka Technologies Limited, CTL/Business Expenses, and Trove Technologies Limited.
Aondoakaa told Justice Ahmed Mohammed that the foreign exchange deals done with the defendants was part of what was making the Naira weaker to the United States dollars, hence, the need to block 15 of their accounts for about 180 days.
Part of the motion reads: “An Interim Order of this Honorable Court empowering the Plaintiff/ Applicant to direct the Head Offices of ZENITH BANK PLC (Churchgate Street, Victoria Island, Lagos), GUARANTY TRUST BANK PLC (Plot 635, Akin Adesola, Victoria Island, STANDARD CHARTERED BANK (142, Ahmadu Bello Way, Victoria Island, Lagos.), ACCESS BANK OF NIGERIA (999c, Danmole Street, Off ldejo Street, Off Adetola Odeku Street, Victoria Island, Lagos), VFD MICROFINANCE BANK (Elephant House. 5, Floor, 214 Broad Street, Marina Island, Lagos), to freeze forthwith all the bank accounts of the Defendants/ Respondents for a period of 180 days pending the outcome of investigation and inquiry conducted by the CBN.”
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