Unic Press UK: The Nigerian government is in a Federal High Court, Abuja, seeking a court ruling that would cause permanent forfeiture of the monies in all bank accounts that are yet to be covered by Bank Verification Number (BVN), arguing that all the bank accounts without a BVN are the proof of insufficient Know Your Customer (KYC) – contrary to the directive of the Central Bank of Nigeria and Section 3 of the Money Laundering (Prohibition) Act, 2011 (As amended).
Having heard the submission of the plaintiffs/applicants [the Federal Republic of Nigeria and the Attorney General of the Federation and Minister of Justice] in case number FHC/ABJ/CS/911/2017, a Federal High Court, Abuja, which is presided by Judge Nnamdi Dimgba, issued an ORDER on 18th October 2017 freezing all the affected accounts, inter alia:
“That an order is hereby made freezing the said accounts by stopping all outward payments, operations or transactions (including any bill of exchange) in respect of the accounts pending the hearing and determination of the substantive application.”
Nigerian Court Freezes Accounts That Have No Bank Verification Number
Nigerian Court Freezes Accounts That Have No Bank Verification Number
