BVN DOES NOT EXPIRE – CBN ASSURES NIGERIANS
By ‘Leke Yusuf
The Central Bank of Nigeria (CBN) on Wednesday assured Nigerians that the Bank Verification Number (BVN) issued by the Bank in collaboration with the Nigerian InterBank Settlement System (NIBSS) does not expire.
In recent days, there have been social media posts and videos suggesting that the BVN of ba k customers expire after ten years.
In a statement made available to Hotjist.com and signed by CBN’s, Acting Director of Corporate Communications, Isa AbdulMumin; he said “Contrary to these claims, we wish to clarify that the BVN issued in Nigeria has no expiry date.
“Once a customer’s biometrics have been captured and enrolled in the database of NIBSS, it remains for life”.
He noted that the regulatory framework issued by the CBN in 2021 stipulates that customers can only change their records due to certain conditions spelt out in the document and after being cleared by relevant authorities.
The statement then urged Bank customers in Nigeria, “especially those whose biometrics have been captured in the system, to continue using their unique identifiers as they last their entire lifetime.”
More Stories
TWO FOODCO STAFF ARRAIGNED FOR STEALING TWO LOAVES OF BREAD
Two Employees of FoodCo Supermarket, Ring Road Branch, Ibadan; Ebenezer Olusesi, 31, and Ibrahim Adeniyi,41, were on Monday docked at...
BUNI COMMENDS MILITARY FOR CLEARING TUMBUKTU TRIANGLE OF TERRORISTS
The governor of Yobe State, Mai Mala Buni, has praised the military for driving out Boko Haram rebel strongholds and...
EMPLOYMENT TRUST FUND REMAINS LOAN, NOT GRANT – LAGOS GOVT
Lagos State Government has again reiterated that the financial assistance given by the Lagos State Employment Trust Fund (LSETF) for...
LAGOS GOVT, SON PARTNER ON STANDARDISATION FOR TOURISM, RELATED SERVICES
The Lagos State Ministry of Tourism Arts and Culture has partnered with SON and FTAN to enforce both International and...
LAGOS GOVT WARNS RESIDENTS AGAINST VIOLATING ENVIRONMENTAL REGULATIONS
The Lagos State Government has warned residents of the State to desist from unhealthy environmental practices that could undermine the...
EDO POLICE ARREST 2 MINORS, OTHERS FOR UPLOADING WOMAN’S NUDE VIDEO ONLINE
Operatives of the Edo State Police Command have arrested two minors and three others for allegedly stripping one Christabel Akhigbe...