Nigerians In Diaspora Kick Against Court Order Over BVN

Company secretaries and legal teams of 19 Deposit Money Banks in the country will on Tuesday hold an emergency meeting to find modalities to comply with a court order directing commercial banks to freeze bank accounts without the Bank Verification Number 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.

Nigerians In Diaspora Kick Against Court Order Over BVN

It also made an interim order directing the banks to freeze all the said accounts by stopping “all outward payments, operations or transactions” pending the hearing of the substantive application seeking the forfeiture of the balances in the accounts to the Federal Government.

Bank secretaries and legal teams of the 19 banks are to hold an emergency meeting to fashion out their plan for compliance.

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