The Central Bank of Nigeria has frozen accounts belonging to Rise Vest and Bamboo for 180 days.
The Apex Bank secured a court order on Tuesday to freeze the accounts of six fintech companies over illegal trading practices.
The companies are being investigated for Illegal Foreign Exchange Trading. It will be recalled that in April, the Securities commission warned the general public against investing in unregistered investment/trading platforms.
The companies are;
- Rise Vest Technologies Limited
- Bamboo Systems Technology Limited
- Chaka Technologies Limited
- Bamboo Systems Technology Limited
- OPNS CTL/Business Expenses
- Trove Technologies Limited.
Bamboo and Rise Vest are popular apps for buying foreign stocks online from Nigeria.
