Banks Set To Meet On Tuesday Over BVN Court Ruling As Nigerians In Diaspora Kick Against It


The Federal High Court in Abuja had ordered the Central Bank of Nigeria and the commercial banks to disclose all accounts in their custody and the balances in such accounts. It also made an interim order directing the banks to freeze all the said accounts by stopping “all outward payments, operations or transactions” pending the hearing of the substantive application seeking the forfeiture of the balances in the accounts to the Federal Government. 

Bank secretaries and legal teams of the 19 banks are scheduled to hold an emergency meeting to fashion out their plan for compliance.

From Punch

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