Regulatory Alerts2004-07-08 | TED-AD-86-2004Re: Embargo On Foreign Exchange Facilities
This message, dated July 7, 2004, informs all Authorized Dealers and the general public that several companies and a person are placed on foreign exchange embargo. These entities include Kano Metals Works Ltd., WiltEx Int'l Ltd., F.M. Chidex Nig. Ltd., Elenas Nwaolari Nig. Ltd., Mrs. E. Akingbade (Tosbee), and Eagle Business & Inv. Ltd. As a result, all Authorized Dealers are advised not to conduct any foreign exchange transactions, including fund transfers, on behalf of these entities until the embargo is lifted. Any recent approvals granted should also be cancelled immediately.
09-61637804 09-61637802 E-mail address: ted@cenbank.org OUR REF: TED/AD/84/2004 July 7, 2004 TO: ALL AUTHORISED DEALERS AND THE GENERAL PUBLIC RE: EMBARGO ON FOREIGN EXCHANGE FACILITIES
This is to inform all Authorised Dealers and the general public that the under mentioned companies and person are hereby placed on foreign exchange embargo: 1) KANO METALS WORKS LTD 2) WILTEX INT'L LTD 1 Ajigbade Oke Street 14 Bayode Oluwale Avenue Ajao Estate, Isolo, Lagos Ikeja, Lagos RC No. 19707 RC No. 356384 3) F.M. CHIDEX NIG. LTD 4) ELENAS NWAOLARI NIG. LTD 5 (New) Oyewole Oshodi St. 64 Owoyemi Street, Ojo Road Ilupeju, Lagos Alaba, Lagos RC No. 250047 RC No. 408529 5) MRS. E. AKINGBADE (TOSBEE) 6) EAGLE BUSINESS & INVT. LTD 60B Surulere Avenue 146 Obafemi Awolowo Way Dolphin Estate, Ikoyi - Lagos Ikeja - Lagos RC No. 164026
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 companies 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. A. DEMUREN (MRS) DIRECTOR TRADE & EXCHANGE DEPARTMENT