• CBN denies plan to freeze domiciliary accounts

    CBN denies plan to freeze domiciliary accounts

    According to reports, the Central Bank of Nigeria (CBN) has denied claims that it was planning to confiscate funds in domiciliary accounts of individuals, saying the claim was “false”.

    The CBN also said yesterday that it does not have any plan to amend the nation’s Foreign-Exchange Act to sanction anyone found hoarding foreign currencies, as earlier rumoured.

    “To the best of my knowledge, the Central Bank of Nigeria (CBN) has not proposed any bill seeking to arrest and jail persons holding foreign […]

  • Freeze illegal IMTOs’ accounts funding black market, CBN orders banks

    Freeze illegal IMTOs’ accounts funding black market, CBN orders banks

    According to reports, the Central Bank of Nigerian(CBN) has ordered all commercial banks to freeze accounts used by illegal International Money Transfer Operators(IMTOs) to siphon hard currencies to the black market just as it warns Nigerians abroad to stay away from such operators.

    According to the apex bank, the illegal IMTOs lure customers with ridiculous exchange rate and use Naira accounts opened in local banks to channel foreign currencies to fund the parallel market.

    In a statement by its acting Director, Corporate […]

  • Group asks FG to freeze Shiites’ bank accounts

    Group asks FG to freeze Shiites’ bank accounts

    A civil rights organisation, Coalition Against Terrorism and Extremism, has called on the Federal Government to move a step further by placing a nationwide ban on the activities of the Islamic Movement in Nigeria, led by Ibraheem El-Zakzaky.

    According to CATE, government should take further the recent order by the Kaduna State Government, which banned the group from operating in the state, “by ordering the immediate freezing of the bank accounts illegally operated by IMN.”

    The Secretary-General of the group, Daniel Obaje, […]

  • If you come at me, I will always retaliate – Freeze on beef with Basketmouth

    If you come at me, I will always retaliate – Freeze on beef with Basketmouth

    Controversial Cool FM On-Air Personality, OAP, born Ifedapo Oyerinde, popularly known as Freeze has addressed his alleged ‘war of words’ with Comedian- Basketmouth.

    The OAP revealed the reason behind the feud in a Chat with Pulse.

    He expressed his admiration for Basketmouth because he encouraged him when no one else would.

    He said: “You see, there’s a point in the conversation that I cannot have for legal reasons, but there was an alliance that was broken and Basketmouth took the other side or […]

  • Freeze returns to work after sack saga, says Cool FM is a family

    Freeze returns to work after sack saga, says Cool FM is a family

    Cool FM’s On-Air Personality, OAP, born Ifedapo Oyerinde, popularly known as Freeze, has again addressed his ‘sack’ saga.

    The controversial media personality announced that he has resumed back at CoolFM.

    Freeze shared a video of himself driving to the company’s head office where he will be airing his afternoon show alongside, Dj Xclusive and Kaylah Oniwo on his Instagram page,

    He captioned the video: Arriving @coolfmlagos for my show this afternoon!

    “Listen to the #RoadShow with @kaylahoniwo @djxclusive83 and I, it’s going to be […]

  • If These Are Really Zenith Bank Workers, I Am Utterly Disappointed – Freeze

    If These Are Really Zenith Bank Workers, I Am Utterly Disappointed – Freeze

    After photos emerged online that Zenith Bank workers went to meet his Excellency, Governor Ayo Fayose and allegedly knelt down before him apologising for deny on social media that they never funded his campaign, OAP freeze has threatened to stop banking with them. Freeze who was so disappointed took to his IG to say this

    After photos emerged online that Zenith Bank workers went to meet his Excellency, Governor Ayo Fayose and allegedly knelt down before him apologising for deny […]