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The United Bank of Africa (UBA) has published names and account numbers of some customers alleged to have violated the forex policy of the Central Bank of Nigeria (CBN).
The CBN had directed Deposit Money Banks (DMBs) to set up teller points to meet legitimate FX demands — this was after the apex bank halted the sale of FX to Bureau De Change operators.
The UBA had also asked customers to submit only genuine documents to obtain FX for personal and business travel, as well as payment for overseas education and other eligible transactions.
According to UBA, the decision to publish the customers’ details is in line with the directive by the CBN.
“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,” the publication reads.
The bank also included the name of a customer, who allegedly “presented fake visa to apply for PTA”.
The names and account numbers are listed in a publication on its website titled, ‘CBN FX defaulters’.