Court Reverses Verdict On BVN, Gives Condition For Withdrawal

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A Federal High Court judge in Abuja who allowed a request for financial balances not connected to Bank Verification Numbers (BVNs) to be solidified has turned around his choice.

Justice Nnamdi Dimgba clarified that he later discovered that his October 17 arrange made a “awkward and unfortunate result.”

The inversion implies that the individuals who have not connected their financial balances will now have the capacity to do as such at their advantageous time.

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Clients, be that as it may, won’t have the capacity to pull back assets from unlinked accounts, until the point when such records are connected.

Mr. Dimgba allowed the questionable requests while administering on an ex-parte movement documented by the Attorney-General, Mr Abubakar Malami that under the Money Laundering Act (2011), accounts not connected to BVNs were suspicious and looked for outright relinquishment of all assets caught in that.

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