Parrot Reporters
No Result
View All Result
  • Home
  • Top Stories
  • News
  • Politics
  • Business
  • Economy
  • World News
  • Diaspora
  • Other Features
    • Crime
    • Entertainment
    • Tourism
    • Interviews
    • Editorials
    • Opinion
Parrot Reporters

Accounts Without BVN Face Forfeiture – FG

Parrot Reporters by Parrot Reporters
October 23, 2017
0
House of Reps Call For Upward Review of N18,000 National Minimum Wage
Share on FacebookShare on TwitterShare on Whatsapp

Funds in bank accounts not linked to any BVN are in danger of forfeiture.

This is following the granting of the request by the Attorney General of the Federation, Abubakar Malami for a temporary forfeiture of funds in such accounts by a Federal High Court in Abuja.

In addition, bank accounts without sufficient Know-Your-Customer (KYC) details are also to be forfeited.

Justice Nnamdi Dimgba of the Federal High Court in Abuja in granting the request court ordered all the 19 deposit money banks, DMBs, operating in the country to release to Nigerian government names of accounts not yet connected to BVN; account numbers; their outstanding balances; domiciling locations; and domiciliary accounts without BVN and where they are domiciled.

The court also asked all Nigerian deposit banks to publish the details of all such bank accounts without BVN or KYC details in the national dailies with a 14-day notice for the individuals who own such affected accounts to give reasons why their funds should not be forfeit to the federal government.

More News...

From Gatekeepers Son To Philanthropist

From Gatekeepers Son To Philanthropist

GOV. SANWO-OLU PARLEYS APC STAKEHOLDERS

GOV. SANWO-OLU PARLEYS APC STAKEHOLDERS

Ademuyiwa Adebola Launches Inspaya Academy, A New Hub for Digital and Creative Empowerment in Africa

Ademuyiwa Adebola Launches Inspaya Academy, A New Hub for Digital and Creative Empowerment in Africa

President Julius Maada Bio of Sierra Leone Elected New ECOWAS Chairman, Succeeds President Bola Tinubu

President Julius Maada Bio of Sierra Leone Elected New ECOWAS Chairman, Succeeds President Bola Tinubu

Reflections on Naira-for-Crude By Abiodun Komolafe

Reflections on Naira-for-Crude By Abiodun Komolafe

FAVOUR OFILI DUMPS NIGERIA FOR TURKEY AFTER YEARS OF FEDERATION MISHANDLING

FAVOUR OFILI DUMPS NIGERIA FOR TURKEY AFTER YEARS OF FEDERATION MISHANDLING

Corruption: The Greatest Enemy of Development

How Nigeria’s Insecurity Problem Can Be Solved By Bola Babarinde 

How Nigeria’s Insecurity Problem Can Be Solved By Bola Babarinde 

About Us

Parrot Reporters is an independent and non-partisan news platform with special focus on Nigerians in Diaspora cum news within and outside the shore of Nigeria.


Our aim is to celebrate the exploits of Nigerians in diaspora particularly in Southern Africa and other parts of the world.

Categories

  • Business
  • Comic
  • Cover Stories
  • Crime
  • Economy
  • Editorials
  • Entertainment
  • Health
  • Interviews
  • Nigerians In Diaspora
  • Opinion
  • Other News
  • Politics
  • Sports
  • Tourism
  • Videos
  • World News

Follow Us

COPYRIGHT © Parrot Reporters
No Result
View All Result
  • Browse
    • Sports

© Parrot Reporters