Nigeria: CBN Investigates 55 Companies Over Forex Infractions, See Full List

21 September 2020

Amidst sustained pressures on Nigeria's official foreign exchange (forex) resources, the Central Bank of Nigeria, CBN, has opened investigations into foreign exchange transactions of 55 companies and individuals.

The apex bank linked them to foreign exchange deals outside the official Investors & Exporters (I&E) window.

The I&E window was created by the CBN as the legitimate platform for buying and selling of foreign currencies.

1. Stallion Nigeria Limited

2. Solem Agro Limited

3. Deekay & Sons Limited

4. Hana Nigeria Limited

5. Emel Nigeria Limited

6. Sonnex Nigeria Limited

7. Montana Nigeria Limited

8. Daraju Nigeria Limited

9. Dasco Nigeria Limited

10. Savvy Corps Limited

11. Pan-Cat Nigeria Limited

12. Mustafa-Multipurpose Services

13. Olayfis Global Resources Limited

14. Pals Interchange Concept Limited

15. 2015 Petroleum & Investments Limited

16. Manann Nigeria Limited

17. Brollo Pipe & Profile Ind. Limited

18. Altrunk Nigeria Limited

19. Dartford Energy Services Limited

20. Global Links Ventures Limited

21. Elemental Integrated Associates

22. New Home Distribution (Africa)

23. ACCI Ventures (Nig) Limited

24. Dover Engineering Limited

25. John Kell & Associate Nigeria

26. Maaway Ventures Limited

27. Good Metal Enterprises

28. Medlog Logistics Services Limited

29. Interswitch Nigeria Limited (Dollar Acct)

30. Beirut Hill Construction Limited

31. CMA CGM Nigeria Shipping Limited

32. Agrinexus International Limited

33. Sylvangel Maritime Resources Limited

34. Unimer SRL Limited

35. SCIB Nigeria & Company Limited

36. Domenik LLC

37. Petro-Afrique Energy Services

38. Silver Dome Enterprises Limited

39. Ajibola Bankole Adebutu

40. Petro-Afrique Energy Services Limited

41. Steel Force Far East Limited

42. Stemcor London Trading Limited

43. Fix Nigeria Limited

44. SA Turutu International Ent

45. New Brand Metals Global Limited Ventures

46. Auto Petroleum Company Limited

47. Cavendish Mechanicals Limited

48. Aquashield Oil & Marine Limited

49. Haitch & Elf Integrated Services Limited

50. Fenog Nigeria Limited

51. Promasidor Nigeria Limited

52. Hatford Resources Nigeria Limited

53. Don & Chyke Nigeria Limited

54. BCL Trading Services Limited

55. Omniworx Export Enterprises


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