BVN: Funds In 46 Million Bank Accounts May Be Forfeited

The Senior Special Assistant to President Muhammadu Buhari on Prosecution has said Forty-six million bank accounts have yet to be linked to Biometric Verification numbers and the funds in them will likely be temporarily forfeited to the Federal Government,.

Okoi Obono-Obla, said he believes the Federal Government will be justified should this happen.

His comments come in reaction to an order of interim forfeiture made by Justice Nnamdi Dimgba of the Federal High Court in Abuja.

The judge had ordered a temporary forfeiture of funds and freezing of accounts domiciled in 19 Banks not covered by the Biometric Verification Number (BVN).

The BVN was launched in February 2014 and as of October 8, 2017, 30.5 million bank customers have been issued BVNs with  51 million accounts linked to the numbers.

But for Obono-Obla who is also the Chairman of the Special Presidential Investigation Panel for the Recovery of Public Property, the number of accounts yet to be linked remain alarming.

According to him, those who have not linked their accounts to BVN had violated a CBN policy had themselves to blame.

he said Despite criticism of the decision and arguments that it is drastic, he does not think it is that stringent, especially after the extension of deadlines over time.

Channels Television.

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