Towards a Better Life for the People
Vanguard
 
HomeNewsFeaturesPoliticsBusinessSportsEntertainmentTechnologyEditorialColumnsForumViewpointsFinancial Vanguard
  
 
Home arrow Business arrow CBN orders banks to submit account details of wonder banks

CBN orders banks to submit account details of wonder banks E-mail
Written by Babajide Komolafe   
Wednesday, 22 October 2008
The Central Bank of  Nigeria (CBN) has directed banks to submit the account details of 28 fake finance companies/ fund managers also known as wonder banks
Image
CBN House
The directive was contained in a circular issued to all banks last week signed by Mr. T. A. Ikuyeju for the Banking Supervision department. The circular titled “Directive to Forward the Account details of the Following Illegal Fund Managers/”Wonder Banks” to the CBN “, stated,  “You may recall that the Securities and Exchange Commission (SEC) had obtained a favourable judgment by the Investments and Securities Tribunal (IST) against the following companies:

Art Master & Co. Ltd;  Cyber International Ltd;  Fortune Access Interlinks Network;  Gold Power Unique Services Ltd; Gorutrans Nigeria Co. Ltd;  Interglobal Investment Ltd;

7. Money Field Ltd;  New Freedom Diversified Investment Ltd;  Open Gate Multipurpose Investors Ltd;  Orion Express Global Services Ltd;  Pennywise Investment Ltd;

12. Positive Move International Nigeria Ltd;  Precious Golden Profile; Real and Cool Wealth International Ltd;  Shola Olanrewaju Ayinke (Sefteg Nigeria Company);  Silvertrust Global Investment;  Successpoint International Investment Ltd;  Torid Investment Ltd;  Treasured Fund Assets Ltd;  Vikel Petroleum Ltd;  Wealth Concepts Global Ltd; . Wealthgage Multibiz Int. Ltd;  Wealth Interlink Agency Ltd;  Wealth Solution Ltd;  Wealth Transfer and Logistic Ltd;  Wilson O. Wilson (Doing business in the name and style of Wilamas Ventures)  Wisdom Investments Nigeria Ltd; and  Nospetco Oil and Gas Ltd."

"You are please requested to forward to us the account details of the above listed companies from 4th December, 2007 to date. The details should include the account numbers, number of accounts held, branches they were opened, names and addresses of the signatories to the accounts, the balances as at 4/12/07; 31/12/07 and 30/9/08.

You are however required to provide a NIL return where no account has been opened in your bank in any of the above names. Similar information should also be provided on related accounts to these companies, their owners and operators to avoid any type of information-gap.”
 

Write Comment
  • Please keep the topic of messages relevant to the subject of the article.
  • Personal verbal attacks will be deleted.
  • Please don't use comments to plug your web site. Such material will be removed.
  • Just ensure to *Refresh* your browser for a new security code to be displayed prior to clicking on the 'Send' button.
  • Keep in mind that the above process only applies if you simply entered the wrong security code.
Name:
E-mail
Title:
Comment:

Code:* Code
I wish to be contacted by email regarding additional comments


Add as favourites (24) | Quote this article on your site | Views: 406

  Comments (5)
RSS comments
 1 CBN TO THE RESCUE
Written by This e-mail address is being protected from spam bots, you need JavaScript enabled to view it , on 22-10-2008 09:05 , IP: 80.89.176.36
The call you have made to banks about trapped funds of innocent and unsuspecting depositors in wonder banks is welcome and timely.  
However, you must go further and with speed too to cause banks to  
comply as they stand to benefit  
by trading with the trapped funds. 
Please hasten the process in order to alleviate the suffering of depositors whose funds have been trapped for years.Certainly this error arising from illiteracy, desperation and poverty in a nation so richly blessed.
 2 wonder Banks
Written by chuks vic, on 22-10-2008 10:27 , IP: 82.56.112.59
Banks can not comply hence they are trading with the trapped funds. CBN would have giving them mandate to avoid nigerian style of handling issues. IT IS LONG OVERDUE. GODBLESS.
 3 CBN IS FOOT DRAGGING
Written by This e-mail address is being protected from spam bots, you need JavaScript enabled to view it , on 22-10-2008 11:42 , IP: 217.117.0.70
The issue of illegal finance houses also known as "Wonder Banks" is dragging too slow. The CBN ought to have done something more drastic than this foot dragging of this nature.  
 
It should be noted that many depositors with these wonder banks have died due to shock of loosing their money.  
 
What is expected of the CBN is to speedily call for a meeting of the operators of all the wonder banks, release their accounts and give them an ultimatum to refund the money in their custody to their depositors under CBN'S strict supervision. 
 
Since all the data about each depositor are with the "Wonder Banks", then thereafter, the CBN and SEC (Security and Exchange Commission) should wind-up their activities. The plight of unsuspecting Nigerians that have their money trapped since last year should jealously guided.
 4 Wonder Bank Indeed.
Written by This e-mail address is being protected from spam bots, you need JavaScript enabled to view it , on 22-10-2008 17:25 , IP: 41.220.65.75
What a wonder to fall prey to the gimmick of these so call wonder banks. So many are in debt now because of these wonder banks. If CBN can direct the wonder banks to return the money collected from the people, I think many would be brought back to life.
 5 When righteous wind blows
Written by This e-mail address is being protected from spam bots, you need JavaScript enabled to view it , on 02-11-2008 10:00 , IP: 41.219.242.139
Arnold Schwarzenegger has lost and still loosing the big fans he made as an actor in the movie industry which obviously counts his today. The gov sit he occupies today neither made him famous nor got him the fans who loves him all over the world including the United states of America. 
 
He use to be a good actor in acting, not in politics, infact his muscles are too much for a governor if really Obama's legs are too skinny for who he is. 
 
His endorsement for John McCain and campaign was his choice, he has chosen to openly and more than every other Republican show himself and colour, not thinking, not caring for the interest of the Americans/fans and even regardless of his position in the face of the world.  
 
He has also shown that he is far behind the good name/character he represented in his movies. 
 
But why has he chosen to lose the love and supports of his fans all over the world doing things he could avoid ? supporting the same bush policy of the past eight years which has nt worked ? 
 
But why would he be doing all these for McCain whom i have nothing against but really has nt been able to differentiate between himself and president bush ? For money ?obviously not, I would rather lose money than what he's losing nationally and internationally.  
 
Friendship ?,, No I don't think so! perhaps he really could not avoid doing it, he must have done it for whom he really is. 
 
Couldn't it be a matter of race ? 
 
A Nigerian from: Florence, Italy 
 
Faithfully, 
Oguguo Achillis Chuka
 
[ Back ]







Lost Password?
No account yet? Register
 
 
Advertisement

Copy This Idea and Start Making N650,000+ monthly beginning from today!
This simple business has made me N650,00+
in one month by learning where to find unique information and making it available to particular groups of people.
Easy,Simple, Quick Setup.
Completely legitimate.No scam!
Get report for FREE Here!

FxPro.com - Trade Forex Like a Pro
Flexible leverage up to 1:500
Low spreads from 1.8 pips
www.FxPro.com

INTERESTED IN
CATFISH FARMING?

Avoid costly mistakes & huge losses

CLICK HERE

To buy Catfish Manual titled
"The A-Z Of Catfish Farming
With Low Start-up Funds"

Reader-friendly; Comprehensive; Pictorial

Links

MyNaijaNews
Naija entertainment, lifestyle, sports, music reviews, fashion, technology, mobile phone reviews, books, classified ads, greeting cards, etc....It's your content.
go get it......
Technical Committee on the Niger Delta
The Online Forum is still open.
Click here
 
© 2009 Vanguard Media Limited
Comments made by visitors to this site do not reflect the opinion of Vanguard.
Designed & Managed by Phlxx Media