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CBN lifts ban on Bamboo, Nairabet, AbokiFX, 437 accounts

The Central Bank of Nigeria has directed banks to vacate a post-no-debit restriction placed on the bank accounts of 440 individuals and companies.


A post-no-debit means that all debit transactions, including ATMs and cheques, on the accounts have been blocked but can receive inflows.


The circular, signed by A.M. Barau on behalf of the CBN director of banking supervision, on Tuesday, also instructed banks to notify the concerned customers of the development.