The Central Bank of Nigeria (CBN) has flagged and instructed commercial banks to place a Post-No-Debit (PND) on 38 company accounts over suspected forex infractions. According to The Cable, the 38 accounts affected belong to logistics companies, Bureau de Change companies, and betting companies. Among the affected companies include is Premier Lotto owned by Nigerian businessman, Adebutu Kessington, also known as 'Baba Ijebu', 3D Scanners Bureau De Change Limited, Blue Wall Nigeria Limited, JNFX International Limited, Northline Limited, SV Gaming Limited, R&S Lotto Limited.

Others are TM Gaming Networks Limited, Escale Oil and Gas Limited, Barkoli Trading Company Limited, Godoni Enterprises Limited.

PND is an instruction to banks not to allow withdrawals or transfers from flagged bank accounts, stopping outflows from the accounts.

The instruction read: "You are hereby required to place the under listed accounts on Post-No-Debit with immediate effect and revert with the account names, numbers, currencies and balances of all accounts placed on PND."