BVN CASE
"I wish to bring to the attention of all of us, particularly those living outside Nigeria that the Federal Government instituted an action in court for the forfeiture of any balance in a bank account without a BVN.
An interim order of forfeiture was granted by the court on the 17th Oct for the banks to show cause within 14days why the balances in such accounts should not be forfeited.
The present practice is that banks only permit deposits into such accounts. No withdrawal is allowed. Should the FedGovt succeed, the money is forfeited permanently.
Although the banks may challenge the action up to the Supreme Court, my advice is for anyone who has not registered for the BVN to urgently take steps to do so.
Find attached."
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