More Trouble For Betting Company Owners: CBN Orders Banks To Produce Account Statements
Afnews Editor
Sep 16, 2020
The Central Bank of Nigeria (CBN) has ordered banks to produce account statements of some betting company owners.
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On the list are Adebutu Kessington and Akin Alabi, the owners of Premier Lotto, aka 'Baba Ijebu', and NairaBET, respectively.
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Also affected are Adebutu's sons, as wells as some bureau de change and logistics companies.
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The directive was contained in a statement on Tuesday by Z. Markus, on behalf of Director of Banking Supervision, Bello Hassan.
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The deadline is 4:00 pm of Wednesday, September 16.
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Early September, the CBN placed a post-no-debit on the bank accounts of 38 companies.
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They included 3D Scanners Bureau De Change Limited, Blue Wall Nigeria Limited, JNFX International Limited and Northline Limited, SV Gaming Limited.
Others are Premier Lotto, R&S Lotto Limited, TM Gaming Networks Limited, Escale Oil and Gas Limited, Barkoli Trading Company Limited and Godoni Enterprises Limited.
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A memo to banks by 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."
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The companies are being accused of forex infractions, moving forex abroad without the required authorization and "economic sabotage."
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A betting company reportedly moved $420million abroad under the pretext of software purchase.
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But the funds were traced to the foreign accounts of its directors.
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— Afnews Editor