Bank Verification Number(BVN) Archives

CBN seeks to bar BVN violators from banking services

The Central Bank of Nigeria (CBN) has issued a revised regulatory framework for bank verification number (BVN) operations and watchlist for the Nigerian banking industry. The apex bank, on Tuesday,

Court revokes interim forfeiture order on accounts without BVN

The interim forfeiture order placed on bank accounts without bank verification number (BVN) has been revoked after the federal high court in Abuja modified the order given on October 17.

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Silence as deadline for freezing of funds in accounts without BVN draws near

By Monday, the 14-day ultimatum given to banks to publish accounts without banks verification number (BVN), would have elapsed. On October 17, Nnamdi Dimgba, a judge of the federal court, Abuja,

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Adeosun wants CBN to extend BVN to microfinance banks

Kemi Adeosun, minister of finance, has urged the Central Bank of Nigeria (CBN) to extend bank verification number (BVN) requirement to account holders in microfinance banks. She said this would

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