The Central Bank of Nigeria (CBN) has clarified that the Bank Verification Number (BVN) does not have an expiry date.
The apex bank revealed this in a document signed by its Acting Director, Corporate Communication, Isa AbdulMumin, Wednesday night.
The bank said this while debunking reports (not The PUNCH) that BVN issued in Nigeria expires after 10 years.
“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, the BVN remains for life.”
It added that the Regulatory Framework for BVN 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 bank implores all bank users across the country, especially those whose biometrics have been captured by the system, to continue using their unique identifiers, adding that “they last their entire lifetime.”
The Edo State chapter of the Peoples Democratic Party (PDP) has expressed deep disappointment and anger over…
The body of the late Chief of Army Staff, Lieutenant General Taoreed Lagbaja, has arrived…
The federal government has unveiled a proposed budget of N47.9 trillion for the 2025 fiscal…
The WHO defines counterfeit drugs as those deliberately mislabeled to deceive consumers about their identity…
The company also stated that it is set to hit the two million barrels per…
Nyesom Wike, Minister of the Federal Capital Territory (FCT), recently cast doubt on former Vice…