CBN Investigates 77 Companies Over Forex infractions [Full List]

Amidst sustained pressures on Nigeria’s official foreign exchange (forex) resources, the Central Bank of Nigeria, (CBN) has commenced an investigation into companies involved in illegal foreign exchange transactions.

A total of 71 companies from different sectors – healthcare, food manufacturing, agriculture, oil and gas, energy, financial services and trading – are in check for alleged infractions and contravention of extant foreign exchange laws and rules.

According to reports, CBN linked them to foreign exchange deals outside the official Investors & Exporters (I&E) window. The I&E window was created by the apex bank as the legitimate platform for buying and selling of foreign currencies.

There is ongoing investigation to uncover possible cases of illegal transactions, terrorism funding, money laundering, under declaration, among others.

  1. Promasidor Nigeria Limited
  2. Stallion Nigeria Limited
  3. Bhojraj Nigeria Limited
  4. Interswitch Nigeria Limited
  5. Far East Mercantile Limited
  6. Afrab Chem Limited
  7. Multichem Industries Limited
  8. Daraju Nigeria Limited
  9. Dover Engineering Limited
  10. BCL Trading Services Limited
  11. Amarava Agro Limited
  12. Shivlula Nigeria Limited
  13. Deeplast Nigeria Limited
  14. Givanas Industry Nigeria Limited
  15. Godrej Nigeria Limited
  16. Malok Nigeria Limited
  17. Nagode Industries Limited
  18. Prima Corporation Limited
  19. Regal Chem Nigeria Limited
  20. Vista International Limited
  21. Budha Logistics Limited
  22. Mitoch Global Link Ventures
  23. Solem Agro Limited
  24. Deekay & Sons Limited
  25. Hana Nigeria Limited
  26. Emel Nigeria Limited.
  27. Sonnex Nigeria Limited
  28. Montana Nigeria Limited
  29. Dasco Nigeria Limited
  30. Savvy Corps Limited
  31. Pan-Cat Nigeria Limited
  32. Mustafa-Multipurpose Services
  33. Olayfis Global Resources Limited
  34. Pals Interchange Concept Limited
  35. 2015 Petroleum & Investments Limited
  36. Manann Nigeria Limited
  37. Brollo Pipe & Profile Ind. Limited
  38. Altrunk Nigeria Limited
  39. Dartford Energy Services Limited
  40. Global Links Ventures Limited
  41. Elemental Integrated Associates
  42. New Home Distribution (Africa)
  43. ACCI Ventures (Nig) Limited
  44. John Kell & Associate Nigeria
  45. Maaway Ventures Limited
  46. Good Metal Enterprises
  47. Medlog Logistics Services Limited
  48. Beirut Hill Construction Limited
  49. CMA CGM Nigeria Shipping Limited
  50. Agrinexus International Limited
  51. Sylvangel Maritime Resources Limited
  52. Unimer SRL Limited
  53. SCIB Nigeria & Company Limited
  54. Domenik LLC
  55. Petro-Afrique Energy Services
  56. Silver Dome Enterprises Limited
  57. Ajibola Bankole Adebutu
  58. Petro-Afrique Energy Services Limited
  59. Steel Force Far East Limited
  60. Cavendish Mechanicals Limited
  61. Aquashield Oil & Marine Limited
  62. Haitch & Elf Integrated Services Limited
  63. Fenog Nigeria Limited
  64. Hatford Resources Nigeria Limited
  65. Don & Chyke Nigeria Limited
  66. Omniworx Export Enterprises
  67. Stemcor London Trading Limited
  68. Fix Nigeria Limited
  69. SA Turutu International Ent
  70. New Brand Metals Global Limited Ventures
  71. Auto Petroleum Company Limited

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