Tag Archives: BVN

BVN: Mortgage, Microfinance Banks’ Customers, Others Barred From Withdrawals

By Nse Anthony-Uko (Sundiata Finance) — The Central Bank of Nigeria (CBN) has directed Other Financial Institutions (OFIs) to place all accounts without Biometric Verification Number (BVN) on a ‘post no debit’ status. OFIs operators are those in Microfinance Banks (MFBs), Primary Mortgage Institutions, Development Finance Institutions (DFIs), Discount House, Bureaux-de-change, among others. The CBN in a circular signed by ...

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29.9m Bank Customers Register For BVN – NIBSS  

By Nse Anthony-Uko (Sundiata Finance) – A total of 29.9 million bank customers have registered under the Bank Verification Number (BVN) exercise, the managing director of the Nigeria Inter-bank Settlement System plc, (NIBSS) Adebisi Shonubi has said. The figure is about a 100 per cent increase from the 14 million customers whose accounts are linked to their BVN. The Central ...

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CBN To Sanction Banks Charging MFB Customers For BVN Enrolment

By Nse Anthony-UKO ABUJA, (Sundiata Finance) – The Central Bank of Nigeria (CBN) has said it will sanction banks who charge fees from Customers of Microfinance Banks seeking Bank Verification Number (BVN) enrolment. Rising from the Bankers Committee Meeting in Lagos on Thursday, the CBN will sanction any bank that charges Microfinance Bank customers for. This is against the background ...

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