BVN deadline: 32 million bank accounts yet to register

Only 20 million out of the 52 million active bank accounts have registered for the Bank Verification Number (BVN) exercise. This suggests that a large number of 32 million accounts remain without BVN numbers. Unless these accounts holders hasten to obtain the BVN before the extended deadline of October 31, 2015 expires, they would be […]

19 million bank customers have BVN nationwide

Ahead October 31, 2015 deadline for all bank customers to enroll on the Bank Verification Number (BVN) platform, the Central Bank of Nigeria (CBN) has revealed that 19 million customers have enrolled on the platform. The CBN Deputy Director, Banking and Payments System Department, Mr. Musa Jimoh, disclosed this during the Finance Correspondents Association of […]

NIMC postpones mandatory use of NIN

The National Identity Management Commission (NIMC) has postponed the date for the commencement of the mandatory use of the National Identification Number (NIN), from September 1, this year to January 9, next year. The Commission had earlier directed that all transactions involving the identification of individuals as specified in Section 27 of NIMC Act, must […]

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