Connect with us

Business

CBN DEMANDS DETAILS OF 12 TOP NIGERIAN BUSINESSMEN, OTHERS’ DOMICILIARY ACCOUNTS

Published

on

CBN DEMANDS DETAILS OF 12 TOP NIGERIAN BUSINESSMEN, OTHERS’ DOMICILIARY ACCOUNTS

• Adebutu, family members, Bet9ja co-founder, foreign nationals on list

By Nike Popoola

The Central Bank of Nigeria has ordered banks to provide the domiciliary account statements of some high profile customers and other accounts linked to the customers through the Bank Verification Number.

It disclosed this in a letter to all the banks with the number, ‘BSD/DIR/GEN/LAB/13/063, dated September 15, titled ‘Request for statement of accounts’, signed by the Director of Banking Supervision, CBN, Z. Marcus.

The Deposit Money Banks were ordered to send the details to five listed email addresses by the CBN after listing the names of 16 individuals on the letter.

Some of the individuals recently had their company’s bank accounts frozen over forex infractions.

The customers listed included Chief Kesington A. Adebutu; Adebisi A. Adebutu; Ajibola Bankole Adebutu; Olanipekun Orekoya Adebutu; and Olasegun Oladiran Adebutu. The Adebutus are directors of Premier Lotto.

They list also includes Adekunle O. Soname and Ayodeji Ojuroye, owners of owner of Bet9ja.

Others names are Akinola Adekunle Alabi, founder of NairaBet and member of the House of Representatives; Oluwadamilare Olubukola Alabi; Oluwafemi Babalola; and Adetayo Cosmas Adesanwo.

Some foreigners that do business in the country on the list are David Patrick Grogan; Domenico Giovando; Mauro Ripamonti; Charbel Jabbour Chidiac; and Byron Powell.

A number of the persons on the list are linked to the betting industry.

Attempts to speak with Akinola Alabi proved abortive as he neither responded to calls nor a text message on Wednesday.

A source expressed worry on the light that had been beamed on the members of Adebutu’s family.

The source said, “Apart from being directors of their father’s betting business, these men (the Adebutus) have their own businesses. I know one of them that is into oil business.

“Their businesses have to do with forex; so, they cannot do without using forex.”

Part of the letter to the bank read, “You are required to furnish us with the domiciliary account statements (Excel and PDF format of the under-listed individuals including the domiciliary accounts linked to them by the Bank Verification Number.

“The statement should cover the period January 1, 2013 to July 31, 2020.”

When contacted on the reason for the accounts, the CBN declined to make any comment.

However, it should be recalled that the CBN recently instructed banks to place a post-no-debit on the bank accounts of 38 companies.

It stated in a circular to the banks: “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.”

The affected accounts belonged to betting companies, bureau de change companies and some logistics companies.

The report stated that the companies were accused of forex infractions, moving forex abroad without the required authorisation and economic sabotage.

  • PunchNg

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Article

APPOINTMENT OF WTO CHIEF IN DOUBT AFTER KEY MEETING CANCELLED

Published

on

APPOINTMENT OF WTO CHIEF IN DOUBT AFTER KEY MEETING CANCELLED

• Nigeria’s Ngozi Okonjo-Iweala had been expected to be confirmed as leader on Monday

By Richard Partington

The race to find a new leader of the World Trade Organization has been thrown into renewed uncertainty after the cancellation of a key appointment meeting following the US presidential election.

The Geneva-based WTO, which acts as an international arbiter for trading disputes, said it had put off a meeting scheduled for Monday that had been called to appoint Nigeria’s Ngozi Okonjo-Iweala as its next director general.

Donald Trump’s administration opposed her selection in one of its final acts before the US election, despite the former Nigerian finance minister securing the overwhelming backing of the WTO’s 164 members.

The special meeting of the trade body’s general council had been convened to take a formal decision on the appointment. Officials had been set to put forward Dr Okonjo-Iweala as the candidate most likely to attract a majority, after most countries expressed a preference for her over South Korea’s Yoo Myung-hee.

Okonjo-Iweala had moved a step closer to becoming the first woman and the first African to be director of the global trade watchdog after securing backing from the EU, China, Japan and Australia. Liam Fox, the leading Brexiter and former international trade secretary, had run as the UK government’s preferred candidate but failed to win enough support from other countries to reach the last two in the process.

Trade experts said Joe Biden defeating Trump in last week’s election may have led to countries calling for a delay in the WTO leadership race, with the aim of securing the Biden White House’s backing for Okonjo-Iweala after he takes charge in January.

The delay in selecting a new WTO director general comes at a fragile moment for the world economy amid the second wave of Covid-19, and after years of criticism of the WTO and calls for reform from Trump.

The WTO said the meeting would be postponed until further notice, during which time the organisation would continue undertaking consultations with delegations from countries around the world to pick a new leader.

It said in a statement: “For reasons including the health situation and current events, delegations will not be in a position to take a formal decision on 9 November.”

  • TheGuardian

Ngozi Okonjo-Iweala

Continue Reading

Business

UNITED ARAB EMIRATES LIFTS VISA RESTRICTION ON NIGERIANS, SAYS GOVERNMENT

Published

on

UNITES ARAB EMIRATES LIFTS VISA RESTRICTION ON NIGERIANS, SAYS GOVERNMENT

BY SAHARAREPORTERS, NEW YORK

The United Arab Emirates has agreed to resume visa issuance to Nigerians, the government has said.

Hadi Sirika, Minister of Aviation, announced this via his Twitter handle on Wednesday.

He disclosed that the move was to allow Emirates Airlines resume operations in Nigeria

He said, “UAE has written to state that they agree to issue visas to Nigerians, consequently decision has been reached to allow Emirates to fly into Nigeria.

“Commencement of the Visa issuance is condition precedent. Please bear with this unusual situation. Many thanks.”

  • SaharaReporters

Continue Reading

Business

UK RETURNS $100,000 CONFISCATED FROM DUPED NIGERIAN BUSINESSMAN

Published

on

UK RETURNS $100,000 CONFISCATED FROM DUPED NIGERIAN BUSINESSMAN

Mr Danu had protested the seizure of the money saying it was his legitimate earning and that he declared it with customs.

The United Kingdom has returned the sum of $100,000 confiscated by airport security from Nigerian businessman, Nasiru Danu, after a court gave judgment in his favour in a confiscation suit.

Court documents and banking details seen by this newspaper showed that the money was paid with interest that accrued in the last one year as ordered by a magistrate court on September 7.

Mr Danu was intercepted by officials of the United Kingdom Border Force and Immigration officials on arrival at the London airport on September 13, 2019 after his then newly-acquired Maltese passport with which he travelled there turned out to be fake.

The businessman, PREMIUM TIMES gathered, was duped of $35,000 by a ‘travel agency’ which offered to help him obtain a Maltese passport. Unknown to him the passport delivered to him by the agency was fake.

On returning to Nigeria, Mr Danu petitioned the State Security Service (SSS) over the passport fraud and his resultant arrest and deportation from the UK.

The SSS later referred the case to the Economic and Financial Crimes Commission (EFCC) which is now pressing charges against one Rabbi Okpara.

PREMIUM TIMES had in December reported how Ms Okpara was docked by the EFCC before an FCT High Court for allegedly defrauding Mr Danu and other unsuspecting Nigerians.

Ms Okpara is the owner of Green Valley Concept Limited, a purported travel agency.

EFCC investigators said Ms Okpara used her travel agency to lure unsuspecting members of the public to buy into a sham travel/residency arrangement in Malta.

The EFCC said Ms Okpara in her statement to the agency admitted to liaising with a third party, one Mr Ugbaja, in obtaining these fake travel document for her clients.

Count one of the charges reads: “That you Rabbi Okpara and Jude Ugbaja(at large) sometime in August 2019, within the jurisdiction of this honourable court conspired between yourselves to do an illegal act, to wit; causing to be used as genuine forged documents, thereby committed an offence contrary to section 3(6) of the Miscellaneous Offences Act, CAP, MI7 laws of Federation Nigeria, 2004 and punishable under the same act.”

Count two reads: “That you Rabbi Okpara, Jude Ugbaja ( at large), Green Valley Concept Ltd and Palmary Travels and Tours Ltd, sometimes in August 2019 in Abuja within the jurisdiction of this honourable court forged a maltase passport with the name Nasiru Haladu Danu with number 9647443 dated 27 April/AVR 2018 with intent that it be used as genuine; thereby committed an offence contrary to 320(a) of the Penal Code, Law of the Federation 1990 and punishable under section 322 of the same law.”

Seized cash returned

Aside deporting Mr Danu to Nigeria on his arrest at the airport in September, the UK authorities also took possession of $100,000 found on the businessman.

The businessman had protested the seizure of the money saying it was his legitimate earning and that he declared it appropriately with customs authorities in Nigeria before travelling with it to the UK.

Mr Danu also explained that he travelled with that amount of cash because his credit card had failed him repeatedly, leaving him stranded on a number of occasions.

But despite his explanations, the UK authorities seized the cash and approached a court for confiscation hearing.

However, the legal team for Mr Danu challenged the UK Border agency’s move to permanently confiscate the money. They succeeded.

“The court found that the security officials were wrong to seize the money as the money was from legitimate income which was not intended for an unlawful purpose and should therefore be returned to the owners,” said Mr Danu’s lawyer, Femi Joshua.

Mr Danu’s Nigerian Bank account was credited with the money with interest in two tranches of $50,471 on September 23, according to documents seen by PREMIUM TIMES.

When contacted Tuesday, Mr Danu said he was pleased that the court noted that he was a victim of crime by a syndicate which swindled him and sold him a fake passport.

“The court saw that I am a legitimate and honest businessman and that the cash found on me were legitimately earned and properly declared,” Mr Danu said.

  • PremiumTimesNg

Continue Reading

Trending

Copyright © 2020 YouNeedToKnow. Developed by Dexcodes.