Sunday, September 6, 2020

CBN seizes accounts of Baba Ijebu’s Premier Lotto, 37 others

The Central Bank of Nigeria has ordered banks to freeze the accounts of 38 Nigerian companies, including Premier Lotto, owned by bussinessman Kessington Adebutu, a.k.a Baba Ijebu.

According to a circular of 4 September, Bello Hassan, CBN’s Director of Banking Supervision, asked banks to place the accounts of the 38 companies on Post-No-Debit (PND) order
Some of the affected companies are 3D Scanners Bureau De Change Limited, Blue Wall Nigeria Limited, JNFX International Limited and Northline Limited.
Others are SV Gaming Limited, R&S Lotto Limited, TM Gaming Networks Limited, Escale Oil and Gas Limited, Barkoli Trading Company Limited, Godoni Enterprises Limited.
This is the second time the authorities will beam the searchlight on Premier Lotto.
The company, along with KC Gaming, a.k.a Bet9Ja was probed early this year by the EFCC for tax evasion.
After the probe, the two companies paid N1billion into the treasury.

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