Regulatory Alerts2007-09-07 | TED-FEM-FPC-GEN-111-07Embargo 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.
Central Bank of Nigeria Central Business District P.M.B. 0187 Garki, Abuja Tel: 09 616 37 804 September 3, 2007 Fax: 09 616 37 802 E-mail address:ted@cenbank.org TED/FEM/FPC/GEN/01/109 September 6, 2007 All Authorised Dealers And The General Public EMBARGO ON FOREIGN EXCHANGE FACILITIES This is to inform all Authorised Dealers and the General Public, that the under listed Companies are hereby placed on foreign exchange embargo:
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Fabros Enterprises West Africa Limited RC No: 45517 Address: 9, Umuoji Street, Port Harcourt.
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Nowas Oil & Allied Products Ltd.
RC NO: 364095 Address: Nowas House,Trans Ekulu/Abakpa Nike Rd Junction, Enugu.
- Nzelin Investment Co. Ltd RC NO: 497039 Address: Zone 8, No 25 Main Market, Nnewi, Anambra State.
Consequently, all Authorised Dealers and the General Public are advised that with immediate effect, no foreign exchange transaction, including sale and transfer of funds should be made to or on behalf of the companies until the embargo is lifted. O. O. AKANJI (MRS.) DIRECTOR TRADE & EXCHANGE DEPARTMENT