FG files an application before the federal High Court seeking permanent forfeiture of all money laying in Commercial Banks without BVN

The Federal Government through the office of the Attorney General of the Federation and Minister of Justice, Abubakar Malami, has filed an application before the Federal High Court seeking the permanent forfeiture of any balance in a bank account without a BVN. An interim order of foreiture was granted by the court on the 17th Oct for the banks to show cause within 14 days why the balances in such accounts should not be forfeited to the Federal government. The present practice is that banks only permit deposits into such accounts. No withdrawal is allowed. Should the Federal government succeed, the money would be forfeited permanently. See copies of the court papers below...