A federal court in Abuja has frozen the bank accounts of several investment and trading platforms that Nigerians use for online transactions.
Judge Ahmed Mohammed issued the order Tuesday when he announced his decision in an ex parte statement from Nigeria’s central bank via his lawyer Michael Aondoakaa (SAN).
Judge Mohammed said victims of the order could seek compensation in court.
CBN told the court that it is investigating the defendants financial activities to operate without a license as an asset management company and use Nigerian foreign currency to purchase foreign bonds/stocks in contravention of the CBN circular with reference TED/ FEM / FPC / GEN / 01/012, from 1st July 2015.
The defendants are Rise Vest Technologies Limited, Bamboo Systems Technology Limited, Bamboo Systems Tech. Ltd. OPNS, Chaka Technologies Limited, CTL / Business expenses, and Trove Technologies Limited.
CBN requested from the court “An Interim order of honor authorizing the plaintiffs/applicant to assign the head office of Zenith Bank Plc (Churchgate Street, Victoria Island, Lagos), Guaranty Trust Bank Plc (Lot 635, Akin Adesola, Victoria Island) manage, Standard Chartered Bank (142, Ahmadu Bello Way, Island Victoria, Lagos.), Access Bank of Nigeria (999c, Danmole Street, off Idejo Street, off Adetola Odeku Street, Victoria Island, Lagos), VFD Microfinance Bank (Elephant House 5, Floor, 214 Broad Street, Marina Island, Lagos) immediately freeze all bank accounts of the Defendant/respondents for a period of 180 days pending the outcome of the investigations conducted by CBN.
Apex Bank executive Christiana Gyan denied the fact that the bank was investigating the activities of the defendants to determine their alleged involvement in the illegal currency.
In response to a court order, Rise vest sent letters to all of its customers, saying that with the recent news about them and forex dealings, they can be rest assured that their investments and funds are managed securely, that funding and withdrawals will continue to operate as usual, and that all of their operations in the United States are intact.
“We will work with regulators as we always have to ensure that any issues raised are handled properly.”
“However, this does not affect our customers or their facilities, which are managed by regulated third parties in all jurisdictions in which we operate.”
“Thank you for choosing Rise.”
In a tweet, Bamboo said, “Hi everyone, we are aware of the recent reports about us. Our legal and government relations teams are looking into them but we thought it was important to let you know that your money remains safe with Bamboo and will always be readily accessible.”