FG’s decision to forfeit bank account without BVN is commendable – Social Commentator Mr Fortune Egwu

A Social critic, Mr. Fortune Egwu has lauded the decision of the Federal Government to forfeit bank accounts without Bank Verification Number, BVN in the country. 

 

Mr. Egwu who spoke in an interview with THE EMERALD HUB in Port Harcourt said the rule of law should be followed irrespective of social status in the society.

The Social critic advised the Federal Government to work in synergy with security agencies to investigate account holders without BVN.

Mr. Egwu however urged persons with genuine reasons without BVN to avoid delay and get verified by their banks.

The Federal Government had announced fourteen days deadline for account holders that have not been verified to either get verified or risked having their accounts forfeited.

Meanwhile, Company secretaries and legal teams of nineteen Deposit Money Banks in the country will tomorrow hold an emergency meeting to fashion out modalities to comply with a court order directing commercial banks to freeze bank accounts without the Bank Verification Number, BVN and publish names and details of the customers.

The Federal High Court in Abuja had ordered the Central Bank of Nigeria and the commercial banks to disclose all accounts in their custody and the balances in such accounts.

The court ordered the banks to disclose details of all such accounts, their owners and their proceeds in their affidavit of compliance deposed to by their chief compliance officers.

It also made an interim order directing the banks to freeze all the said accounts pending the hearing of the substantive application seeking the forfeiture of the balances in the accounts to the Federal Government.