The United Bank of Africa (UBA) has released the names and account numbers of some of its customers who allegedly broke the Central Bank of Nigeria’s forex policy (CBN).
Following the CBN’s decision to suspend selling foreign currency to Bureau De Change operators, the Apex bank urged Deposit Money Banks (DMBs) to set up teller stations to accommodate legitimate FX needs.
Customers were then asked to submit only real documentation in order to get foreign currency for personal and business travel, as well as payment for abroad schooling and other eligible transactions.
UBA stated that the decision to publish the customers’ details was in line with the directive by the CBN.
The publication read, “In compliance with the directive of Central Bank of Nigeria mandating banks to publish the names of defaulters of the forex exchange regulation, based on regulatory directives, the following customers cancelled their trip and failed to return the PTA availed to them despite several mails, text messages and follow up phone calls.”
UBA also included the name of a customer, who allegedly “presented fake visa to apply for PTA”.
The account numbers are listed in a publication on its website titled, ‘CBN FX defaulters’.