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CBN To Freeze Bank Accounts Without BVN, NIN From April 2024

CBN To Freeze Bank Accounts Without BVN, NIN From April 2024

The Central Bank of Nigeria (CBN) on Friday said it will freeze accounts without a Bank Verification Number (BVN) or National Identification Number (NIN) from April 2024. This was contained in a circular issued on…

How BVN Can Be Stolen, Use For Fraud – EFCC Tells Nigerians

How BVN Can Be Stolen, Use For Fraud – EFCC Tells Nigerians

The Economic and Financial Crimes Commission (EFCC) has highlighted three key ways that the Bank Verification Numbers (BVNs) can be used by scammers to default their bank accounts. The Commission’s Head of Economic Goverance ,…

Finally, World Bank Breaks Silence On Buhari $800m Loan Request

Finally, World Bank Breaks Silence On Buhari $800m Loan Request

The World Bank has finally broken the silence on the news report that President Muhammadu Buhari-led government is borrowing a whopping sum of $800 million from the multilateral institution. The Director of the World Bank…

BVN enrolment rises by 3.13m in 7 months, hits 55.03m

BVN enrolment rises by 3.13m in 7 months, hits 55.03m

A total number of 3.13 million Bank Verification Numbers (BVNs) were issued by banks in the country between January and July this year, findings by New Telegraph show. According to latest data released by the…

BVN: Banks record 1.07m registrations in 2 months

BVN: Banks record 1.07m registrations in 2 months

Financial institutions in the country issued a total of 1.07 million Bank Verification Numbers (BVNs) between mid- March and mid-May 2021, findings by New Telegraph show. According to latest data released by the Nigeria Interbank…

BVN enrolments increase by 1.7m in 2 months

BVN enrolments increase by 1.7m in 2 months

Enrolments for the Biometric Verification Number (BVN) by bank account owners in the country rose by 1.7 million in the last two months, New Telegraph has learnt. According to the data released by the Nigeria…

774,000 jobs: No BVN, no payment, FG insists

774,000 jobs: No BVN, no payment, FG insists

The Federal Government has insisted that successful applicants for the 774,000 jobs under the Special Public Works Programme must have a Bank Verification Number (BVN) to be paid their wages. Minister of State for Labour…