Court vacates Interim Forfeiture order on Accounts without BVN

   The Abuja Division of the Federal High Court has varied the orders it made on October 17, which directed 19 commercial banks in the country to freeze all accounts without Bank Verification Numbers, BVN.

    Justice Nnamdi Dimgba modified part of the order that granted the Federal Government interim ownership of funds in all the non BVN-linked bank accounts.

    The variation was sequel to an agreement the Federal Government reached with the 19 commercial banks, yesterday.   In his ruling, Justice Dimgba said he was minded to “revise” the earlier orders, in view of the fact that it had been posing some “practical problems.”



   The court directed banks to immediately unfreeze accounts that had since been linked to a BVN after the orders were made on October 17, following an ex-parte motion  filed by Attorney-General of the Federation and Minister of Justice, Abubakar Malami, SAN. The court further revoked an aspect of the order, which had directed an interim forfeiture of the proceeds in all the accounts without BVN pending the determination of the substantive suit.