Regulatory Alerts2006-11-08 | TED/FEM/GEN/FPC/01/01Re: Embargo on Foreign Exchange Facilities
This is a notice from the Central Bank of Nigeria's Trade & Exchange Department, dated November 8, 2006. It informs all Authorised Dealers and Nigeria Customs Service that Justeen Pharmaceuticals Ltd (RC No. 218824) has been placed on a foreign exchange embargo. Consequently, no foreign exchange transactions, including fund transfers, should be conducted in favor of or on behalf of the company until the embargo is lifted. Previously granted but unutilized approvals should be canceled immediately.
09 616 37 804 November 8, 2006 09 616 37 802 Central Bank of Nigeria Central Business District P.M.B. 0187 Garki, Abuja E-mail: ted@cenbank.org
Our Ref: TED/AD/152/2006 TO: ALL AUTHORISED DEALERS AND THE NIGERIA CUSTOMS SERVICE RE: EMBARGO ON FOREIGN EXCHANGE FACILITIES This is to inform all Authorised Dealers and the Nigeria Customs Service that the under mentioned Company is hereby placed on foreign exchange embargo: JUSTEEN PHARMACEUTICALS LTD NO. 197 MUYIBI STREET OLODI APAPA, Lagos RC. NO. 218824.
Consequently, all Authorised Dealers are advised that with immediate effect, no foreign exchange transaction, including transfer of funds, should be made in favour of or on behalf of the company until the embargo is lifted. All approvals recently granted in favour of the company, which still remain unutilized either wholly or partially should be cancelled immediately.
O. O. AKANJI (MRS) DIRECTOR TRADE & EXCHANGE DEPARTMENT