BVN
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General News
NIN-account linkage: Customers besiege banks in Ibadan, say policy unnecessary
Many Nigerians are now spending long hours in banks, seeking to link their National Identification Number (NIN) to their bank accounts. The development is a sequel to the Central Bank of Nigeria’s directive to banks to place restrictions on all Tier 1 bank accounts without BVN or NIN by March 1. Some of the bank customers who spoke with the…
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General News
BVN/NIN linkage: Lagos residents besiege banks, seek extension
Bank customers have continued to besiege various bank branches in Lagos to meet Central Bank of Nigeria (CBN) deadline for linking bank verification numbers (BVN) and national identification numbers (NIN) to their accounts. In separate interviews with the News Agency of Nigeria (NAN), the bank customers also asked the CBN to extend the deadline for them to link their BVN…
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Finance
Bank Account without BVN attracts 2m Fine- CBN
The Central Bank of Nigeria (CBN), in a bid to promote financial system stability, has declared that financial institutions and customers that violate the framework of the Bank Verification Number (BVN) would face sanctions. Some of the penalties listed for financial institutions having a customer operating an account without BVN will be N2,000,000 per infraction/customer, 15 per cent of the…
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NEWS
Protect Your Bank Details UBA warns Customers
United Bank for Africa (UBA) Plc, has called on its customers to exercise utmost caution in their banking transactions and ensure that they do not fall prey to any nefarious activities during the Coronavirus lock down period. Specifically, UBA has urged its customers not to divulge any sensitive personal information regarding their bank and or card details. UBA’s Executive Director,…
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