However, if the couple decides to get divorced, each spouse may attempt to
claim ownership of money held in these accounts.
In this sense, you don't risk losing your money, and more important, you don't
hand ownership of your money over to a third party escrow service.
In unbanked and underbanked regions of the world, people completely
skip ownership of money inside a bank and instead participate in the transfer of encrypted peer - to - peer banking through digital currencies such as Bitcoin on smartphones.
Meanwhile, Minister of Transportation and immediate past Governor of Rivers State, Mr. Chibuike Rotimi Amaechi, has
denied ownership of the money too.
He warns that «Giving
legal ownership of your money to your kids means exposing the money to the kids» issues: lawsuits, bankruptcies, stealing, divorces and influential spouses.»
The controversy surrounding the ownership of the N13bn ($ 43.4 m, N23m and # 27,000) found by the Economic and Financial Crimes Commission at the Osborne Towers, Ikoyi, Lagos, took a dramatic turn on Friday evening when Governor Nyesom Wike of Rivers State and the National Intelligence Agency
claimed ownership of the money.
Sources at the agency confirmed to one our correspondents late Friday that the money belonged to the agency and that it had written a formal letter to President Muhammadu Buhari to claim
ownership of the money.
The National Intelligence Agency claimed
ownership of the money and that it had written a formal letter to President Muhammadu Buhari to claim ownership of the money.
However, during the arraignment of Dudafa and the directors of the companies, Patience filed an application claiming
ownership of the money.
Hon. Amaechi vehemently denying the accusation as one from the pit of hell; it is on record that Mr. Abayomi Oke, the suspended DG of the National Intelligence Agency, has claimed
ownership of the money, thereby exonerating Amaechi.
«This meant that
the ownership of money on the blockchain could not be considered as the independent source of truth due to the dependency on, and management of, the funds held in a Client Money Account.»
«If you hand your money to a third party, you get some convenience but you lose power over
the ownership of your money.