CBN Mandates Banks to Provide Domicilliary Account Statements of Baba Ijebu, Others

The Central Bank of Nigeria (CBN) has mandated all banks to provide the domiciliary account statements of Premier Lotto Owner, Chief Kessington Adebutu, popularly known as Baba Ijebu, among others identified running sports betting platforms.

A circular dated September 15, 2020, signed by Deputy Director, Banking Supervision, Mr. Zachariah Markus, also listed the owner of Bet9ja, Mr. Adekunle Soname and Honourable Akinola Alabi, House of Representative member and Founder of NairaBet as part of the personalities whose domiciliary account statements and accounts linked to their Bank Verification Number (BVN) are to be furnished by all banks.

The statement read, "you are to furnish us with the domiciliary account statements (Excel and PDF formats) of the underlisted individuals, including the domiciliary acounts linked to their Bank Verification Number (BVN). The statement should cover the period January 1, 2013 to July 31, 2020.

"Your responses should be forwarded only to the email addresses listed below before 4.00 pm on Wednesday, September 16, 2020."

Bank accounts of Premier Lotto and 37 other companies earlier frozen have reportedly been partially lifted, to enable the affected companies cater for running costs and staff salaries.

The new developments come months after the Economic and Financial Crimes Commission launched an investigation into the activities of Adebutu for alleged tax fraud and economic sabotage.

Enjoyed this article? Stay informed by joining our newsletter!


You must be logged in to post a comment.

About Author