CBN probes forex dealers for imports regulations violation

eign exchange market.

The names of the bank accounts frozen by Justice Muslim Hassan are Raufu Folashade, Yusufu Ali, Ali Yusufu and Ali Yusufu. Counsel for the CBN, Adekola Mustapha, told Justice Hassan that there was an urgent need to freeze the four bank accounts because “there is a strong probability that the respondents may tamper with the funds currently in their various bank accounts, which are strongly connected to or being strongly suspected to be proceeds of the serious infractions of the foreign exchange market regulations.”

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