NewStats: 3,265,314 , 8,186,353 topics. Date: Saturday, 14 June 2025 at 11:53 AM 3c49v

The Central Bank of Nigeria has written a letter to the Deposit Money Banks in the country, asking them to submit list of customers and bank s without bank verification number.

The letter came after a Federal High Court in Abuja ordered the CBN and 19 banks to freeze s without the BVN and got an interim order seeking the forfeiture of deposits in the s without the BVN, among others.

A good number of the DMBs, if not all, have complied with the directive from the CBN, according to top bank officials, who spoke to our correspondent on Sunday under the condition of anonymity because they were not authorised to speak on the matter.


Shortly after the November 3 deadline given by the court, commercial banks had started the compilation of bank s without the BVN.

However, the DMBs are also lobbying the Office of the Attorney General of the Federation to back down on the plan by the Federal Government to seize monies in the bank s of customers without the BVN.


A Federal High Court in Abuja had on October 17 ordered the forfeiture of all monies in bank s owned by corporate organisations, government agencies and individuals without the BVN.

The forfeiture order, which was issued by Justice Dimgba Igwe, while ruling on an ex parte application filed by the Federal Government through the Office of the Attorney General of the Federation, is not final yet.

The owners of the s had 14 days to claim ownership of same and show cause why the amounts in them should not be permanently forfeited to the Federal Government.

The court also ordered the banks to the s without the BVN in a widely circulated national newspaper as notice to those who might have any interest in them.

Justice Dimgba adjourned until November 16 for the hearing of the substantive application seeking the forfeiture of the sums in the s without the BVN.

However, the 19 DMBs named in suit have engaged the services of a top law firm to address the matter, according to top banking industry sources.


Already, the law firm has approached the court for an extension of time to appeal the court order.

Top bank executives privy to the development had told our correspondent last week that all the affected lenders were ready to appeal the court order and had instructed the law firm to file for an extension of time to do so.

“All the banks are ready to appeal the court order. We have engaged the services of a law firm to begin that process. The legal firm is expected to have filed the papers for an extension of time at the court. This will help us prepare for the proposed appeal,” a top executive of a tier-1 bank told our correspondent under the condition of anonymity last Monday.

The court gave the order on October 17 following an application that was filed on September 28.

Justice Dimgba also ordered the banks to file an affidavit of disclosure before the court, showing the names of the affected s, the numbers, outstanding balances, domiciliary s and the bank branches where the s were domiciled.


Banks did not official provide details of their plan on the BVN matter.

Some, however, told our correspondent they had complied with all regulatory requirements on the BVN matter.

Spokesperson for First Bank of Nigeria Limited, Mr. Babatunde Lasaki, said, “The bank will do what needs to be done on the BVN matter and we will comply with all regulatory requirements on the matter.”

The Head, Corporate Communications, Skye Bank Plc, Mr. Rasheed Bolawinwa, said, “As a regulatory-compliant bank, Skye Bank has complied with the expectations of the regulator concerning the issue of the BVN.”

https://www.google.com.ng/amp/punchng.com/cbn-writes-banks-requests-for-s-without-bvn/amp/

Buhari has tried shaaa
This BVN is one of the thing that made BHT broke

x

Ok

CBN should also look into the finances of IPOB and freeze their s. Those people must have strong financial backing to have survived this long. They are a terrorist group that must be subdued at all cost. People like Nnamdi kanu might be operating a proxy bank without Bvn so i advise the federal government to freeze all s of any one who has ties to IPOB. Biafra will not thrive. One Nigeria

They wan dash us money?

It is crystal clear like the biblical teke teke meneyofasin that the APC govt has come to steal, kill and destroy.

Ngeneukwenu, omenka, madridguy, obiageli ( if still alive ) and other APC agents, what will you say IF your kindreds are living outside the country and are unable to travel down to Nigeria since this Buhari decree. Do you they loose their hard earn money just for not being able to come to Nigeria for one silly BVN. Please bear in mind some are in prison, some illegal immigrants and can’t travel out of their present country.

1st bank will start dancing One coner!

Okay

What some of these bankers do is that when they discover that the holder of an is late or abandoned and the funds in an are substantial, they get fronts to sue the holder of the for a non-existent debt.

The court then grants them judgment to collect the phantom funds from the of the deceased holder.

It is situations like this that the CBN is trying to prevent. It's a case of two thieves fighting over the right to steal unchallenged.

The real show is just about to begin.....
Baba don catch corruption patapata....

The beginning of the end

Has Buhari done his BVN? Just asking

Hmmm. I see a lot of cutting corners in banks

here to watch wailing zombies cry over money that isn't theirs

CBN won't mind their business now.

Zombies are already masturbating on this move as if it is something serious, buhari and his cohorts are corruption personified, they are only looking for their share. The only people that can be affected is the common man.

I see, CBN want to use its authority to claim all the money in those s to themselves while DMBs sees it as a cheat and are ready to put up a fight.

getting interesting

Wetin dem wn carry am do, make dem bon dat thing jor.

My friend slept in class. I took his phone and changed my name in his s to “dad” then I texted him “ son, I just won 500million dollars in the lottery. We are rich now. You don’t have to go to school anymore!” After my friend read that, he packed everything and walked out of the class. My teacher asked him where he was going. He turned back andgave her a middle finger and said “shut your f**king mouth up!” Does anyone know a good place to hide, he his hunting me now!

The CBN should focus on all s operated by Ipobs and Nnamdi kanu.

All monies in the s should be freezen and confisecate.

Ipobs are terorist and must operate any .

Ipobs must be subdued to coma so that in there next world they will learnt how to respect a countrys sovereignty.

God bless PMB
God bless APC

The change has begone now.

Okoyiboz3:
Okay

What some of these bankers do is that when they discover that the holder of an is late or abandoned and the funds in an are substantial, they get fronts to sue the holder of the for a non-existent debt.

The court then grants them judgment to collect the phantom funds from the of the deceased holder.

It is situations like this that the CBN is trying to prevent. It's a case of two thieves fighting over the right to steal unchallenged.

right now the money belong to neither the cbn and the banks.

are they both not thieves?

modelmike7:
The real show is just a bit to begin.....
Baba don catch corruption patapata....

So you believe anyone (politicians) will leave billions in without bvn and won’t withdraw it before now? Smh

CBN should look for something better to do

Sunky200:


right now the money belong to neither the cbn and the banks.

are they both not thieves?

Read the last paragraph of my post.

The BVN is an executive order. A mere executive order can not override the sanctity of bank-customer relationships.

As the BVN is, there is no law backing it.

Keneking:
Has Buhari done his BVN? Just asking

My issue now is, does he know what BVN is...?
Does he really know the full meaning....?

Okoyiboz3:


Read the last paragraph of my post.

The BVN is an executive order. A mere executive order can not override the sanctity of bank-customer relationships.

As the BVN is, there is no law backing it.

U dnt need any law.

CBN regulates banks and they send memo from time to time

AntiWailer:


U dnt need any law.

CBN regulates banks and they send memo from time to time

So, a mere memo from the CBN can invalidate the principles of bank-customer relationships?

It's like saying a mere presidential directive can invalidate a citizen's fundamental right to life.

hmm

My money is equally involved