Businessman Drags Moniepoint to CBN, EFCC Over Seizure of His N700m

Businessman Drags Moniepoint to CBN, EFCC Over Seizure of His N700m
A Nigerian Businessman simply known as AIS_Savita has complained to the apex bank in the country, the Central Bank of Nigeria (CBN), and the Nigerian anti-graft agency, Economics, and Financial Crimes Commission (EFCC) following a refusal by a financial institution, Moniepoint, to release his N700m domiciled in his account with the microfinance bank.

AIS_Savita stated on X that he had transacted business worth N700 million domiciled in his Moniepoint microfinance bank account but the bank has disallowed him from having access to his money.

He claimed that the bank flagged his account without stating any reason.

AIS_Savita had claimed that all his transactions have been clean and he accumulated his money through genuine business transactions.

He called in the CBN and EFCC to investigate his business transactions and assist him in reclaiming his money from Moniepoint staring fear that Moniepoint's actions might negatively affect his business transactions.

He said in a viral video clip shared on X on Tuesday, April 23rd which was anchored by the PUNCH News Online:

“I have transacted almost N700m in less than four months with Moniepoint Nigeria, but my account was suddenly restricted without any reason given.

“I believe this is a case of massive financial fraud and I demand that the Central Bank of Nigeria and the Economic and Financial Crimes Commission investigate. MoneyPoint Nigeria has been rolling down business accounts, restricting them without any justifiable reason, and I am not alone in this experience.”

“So, why will you wake up early morning and decide to restrict an account, a business account?”

“Dear CBN, dear EFCC, it’s time you look at Moniepoint and what they have been doing with businesses. They have been running down businesses and restricting business accounts.

“I woke up on Sunday, suddenly around 1:57 a.m. on the 14th of April when Moniepoint restricted my account and sent me a message that my account was restricted.

“It was on a Sunday morning and I waited till Monday. I called them. Why did you restrict my account? They couldn’t give me any reason for restricting my account. I reached out to them again many times they could not give me a reason. They only told me that I should wait until the investigation was going on. I waited for so long. I have to write them on X right here.

“Here is the Moniepoint chat trend. They said that “an erroneous transaction of 965,000 445 occurred in my account on the 9th of April”. I said all right. Is there any information you need me to provide for you to unrestrict my account so that I can continue my business? They did not give me any feedback. They only said that I should wait. I said Okay. I have to check my account statements.”

Punch Online checks on @moneypoint Nigeria showed that the lender responded to AIS_Savita, apologizing, ”for the inconvenience caused.”

“Hello there, we are sorry about the experience with your account and for the inconvenience caused.

“As discussed via DM, your account was flagged for a transaction. The lien will be reviewed after the reconciliation and feedback provided. Thank you for your patience”, Moniepoint wrote on his X handle at @Moniepoint Nigeria.

Category: World-News
Tag: Businessman Drags Moniepoint to CBN EFCC Over Seizure of His N700m
Written by Author (author)
Published 4/24/2024 5:57:11 PM

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