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Banks Shielding Owners Of Accounts Without BVN. |DOLLY YO BLOG|

Banks Shielding Owners Of Accounts Without BVN- FG​

The Federal government has accused commercial banks of shielding owners of accounts without Bank verification Number, BVN. The Attorney-General of the Federation, represented by Mr. Ade Okeaya-Inneh (SAN) made this accusation on Friday, when he appeared before a Federal High court in Abuja in a suit in which the Federal Government is seeking to take over funds in bank accounts whose owners have not come forward with their BVNS.

Banks are opposed to the government’s bid to take over the funds. But while alleging that the banks’ opposition implied that they have failed to enforce the BVN policy, the federal government said that the financial institutions did not have the locus (legal right) to defend the suit.

The SAN called on the court to reject all the processes filed by the defendants in the case while another member of the Federal government’s legal team , James Igwe (SAN) urged the court to grant the plaintiff’s prayers in the main suit. 
Olaleye Anuoluwapo

Olaleye Anuoluwapo

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