CBN freezes bank accounts of fintech companies Risevest Bamboo Trove and Chaka. Nigerian Fintech firms Risevest Bamboo Chaka CTL and Trove risk losing customers as CBN moves to freeze their accounts.
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Justice Ahmed Mohammed made the order on Tuesday.
Risevest. Whether youre strapping up for a hike in the chukar hills or beating the cattails for late season roosters Final Rise products will perform. 1 day agoDaniel Adeyemi 17th August 2021. Bamboo Risevest react.
Ltd OPNS Chaka Technologies Limited CTLBusiness Expenses and Trove Technologies Limited. On Tuesday the federal high court sitting in Abuja granted the request of the Central Bank of Nigeria CBN to freeze accounts belonging to some technology trading platforms offering local and foreign stocks. RiseVest sent out a similar message to its investors.
20 hours agoThe CBN said it is evident that Rise Vest Technologies Limited Bamboo Systems Technology Limited Chaka Technologies Limited and Trove Technologies Limited are complicit in operating without license as asset management companies and utilising FX sourced from the Nigerian FX market for purchasing foreign bondsshares in contravention of CBNs directive. Bamboo and Risevest responded to the decision Tuesday assuring their customers that their investments were safe. CBN To Freeze Risevest Bamboo Accounts for Illegal FX Transactions.
1 day agoOn Tuesday the apex bank of Nigeria CBN got a court order to freeze the accounts of 6 fintech companies in order to investigate illegal foreign exchange transactions by the companies. However this does not affect our users or their investments which are managed by regulated third parties in all jurisdictions in which we operate. Affected by the court order are Rise Vest Technologies Limited Bamboo Systems Technology Limited Bamboo Systems Tech.
15 hours ago18 August 2021 959 am Nigerian fintech firms Risevest Bamboo Chaka and Trove have assured users of the safety of their funds amid the Central Bank of. Bamboo told its clients. Beginner or an expert Rise offers an intuitive and easy way to invest in global dollar denominated assets that beats inflation.
Investors are worried and uncertain of their investment position with the affected fintech companies. The Federal High Court in Abuja on Tuesday ordered the freezing of the bank accounts of six online investment platforms for 180 days. In investing learning once is often not enough.
10 hours agoThey are Risevest Bamboo Trove and Chaka. The Federal High Court in Abuja on Tuesday ordered the freezing of the bank accounts of six online investment platforms for 180 days. In his ruling Ahmed Mohammed the judge granted the prayers of the apex bank to freeze the accounts of RiseVest Technologies.
And while it is easier for our mind to grab all. According to sources the Federal High Court in Abuja has granted an exparte motion which sought temporary freezing of their bank accounts. Investing requires agreement between our intellect and our emotions.
A federal high court in Abuja has granted the request of the Central Bank of Nigeria CBN to freeze accounts of fintech companies for 180 days. According to The Whistler the Federal High Court in Abuja has granted an exparte motion which sought temporary freezing of bank. Were aware of the recent reports about us.
The fintech platforms make access to stocks bonds and other securities in both local and international markets easy for Nigerians. Risevest has taken away everything you dont need the commissions. Final Rise Upland Vests Gear deliver ultimate comfort performance and convenience in the field.
Affected by the court order are Rise Vest Technologies. Our legal and government relations teams are looking into it but we thought it was important to let you know that your money remains. 6 hours agoFollowing a court order freezing the accounts of investment platform Risevest the digital investment company has moved to assure its customers of.
The accounts include that Rise Vest Technologies Limited Bamboo Systems Technology Limited Bamboo Systems Technology Limited. The reason is not far-fetched. The fintech platforms have been accused of operating without license while the foreign exchange deals done weaken the the Naira against the US dollar.
It stated We will work with regulators as we always have to ensure that all issues raised are properly addressed. However Bamboo Trove and Risevest have reacted to the unplanned. The Central Bank of Nigeria has just frozen the bank accounts of fintech investments platforms Risevest Bamboo Trove and Chaka for the next six months.
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