The Central Bank of Nigeria (CBN) has lifted the freeze order on the bank accounts of Belfour Oil and Gas Limited and about 139 others,
This follows the discontinuation and striking out of the suit instituted by the apex bank against Albert Austin Ugochukwu, Belflour Energy and Allied Services, Belflour Oil And Gas Ltd and others.
Consequently, the apex bank in the circular dated July 25, 2023 (with reference number BSD/DIR.PUB/LAB/016/017) to all Banks in Nigeria directed the vacation of all “Post No Debit” restrictions placed on the accounts of the company and others thereby giving them a clean bill of health.
