2007-09-07 | TED-FEM-FPC-GEN-111-07

Embargo on Foreign Exchange Facilities

The Central Bank of Nigeria has placed three companies, Fabros Enterprises West Africa Limited, Nowas Oil & Allied Products Ltd., and Nzelin Investment Co. Ltd., under a foreign exchange embargo, effective immediately. This means that no authorised dealers or the general public can engage in any foreign exchange transactions, including sales and transfers of funds, with these companies until further notice.

Nigeria

Central Bank of Nigeria

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