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CBN Investigates 55 Companies, Individuals Over Foreign Exchange Infractions

Published

6 years ago

on

September 21, 2020

By

Dafe

Amidst sustained pressures on Nigeria’s official foreign exchange 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.

ALSO READ: Godwin Obaseki Re-Elected Edo State Governor, Defeats Ize-Iyamu

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

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Some of the major corporate organisations in the list include Stallion Nigeria Limited, a conglomerate involved in several sectors of the Nigerian economy. The list also includes Nigeria’s leading electronic payment company, Interswitch Nigeria Limited, as well as a leading global shipping line, CMA CGM Nigeria Shipping Limited.

Other big names in the list include Petro-Afrique Energy Services Limited, Steel Force Far East Limited, Auto Petroleum Company Limited, Cavendish Mechanicals Limited, Aquashield Oil & Marine Limited, Haitch & Elf Integrated Services Limited, Fenog Nigeria Limited, and Promasidor Nigeria Limited.

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In another development, DELSU has extended the submission of first semester Continuous Assessments (CAs) for the 2025/2026 academic session. The Deputy Vice Chancellor (Academic) who said this in an official memo, recalled that a circular dated 3rd February, 2026 was issued to Deans of Faculties on the submission of First Semester Continuous Assessments (CAs) for the 2025/2026 academic session, with the deadline set for Friday, 20th February, 2026. Adding: “Following appeals from some Deans of Faculties, the Vice-Chancellor, Prof. Samuel O.Asagba, has approved a final extension of the submission deadline by one (1) week. “Accordingly, all Departments are required to forward their Continuous Assessments (CAs) to the Office of the Deputy Vice-Chancellor (Academic) on or before Friday, 27th February, 2026,” saying that “no further extension will be granted.” “Deans and Heads of Departments are requested to ensure strict compliance,” he said. Meanwhile, Deans of Faculties have been informed of the urgent need to submit the 100 Level result spreadsheets for the 2024/2025 academic session. According to Owamah, all Heads of Departments (HODs) are to download their respective 100 Level result spreadsheets from the University Result Engine and forward same to the Office of the Deputy Vice-Chancellor (Academic) on or before Thursday, 12th February, 2026, for onward transmission to the Vice-Chancellor.

In another development, DELSU has extended the submission of first semester Continuous Assessments (CAs) for the 2025/2026 academic session. The Deputy Vice Chancellor (Academic) who said this in an official memo, recalled that a circular dated 3rd February, 2026 was issued to Deans of Faculties on the submission of First Semester Continuous Assessments (CAs) for the 2025/2026 academic session, with the deadline set for Friday, 20th February, 2026. Adding: “Following appeals from some Deans of Faculties, the Vice-Chancellor, Prof. Samuel O.Asagba, has approved a final extension of the submission deadline by one (1) week. “Accordingly, all Departments are required to forward their Continuous Assessments (CAs) to the Office of the Deputy Vice-Chancellor (Academic) on or before Friday, 27th February, 2026,” saying that “no further extension will be granted.” “Deans and Heads of Departments are requested to ensure strict compliance,” he said. Meanwhile, Deans of Faculties have been informed of the urgent need to submit the 100 Level result spreadsheets for the 2024/2025 academic session. According to Owamah, all Heads of Departments (HODs) are to download their respective 100 Level result spreadsheets from the University Result Engine and forward same to the Office of the Deputy Vice-Chancellor (Academic) on or before Thursday, 12th February, 2026, for onward transmission to the Vice-Chancellor.

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