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.
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