Tag: BVN

91m Bank Accounts RiskDeactivation Over BVN-NIN Linkage

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91m Bank Accounts RiskDeactivation Over BVN-NIN Linkage

ABOUT 91 million bank accounts are at risk of being frozen following the March 1 expiration deadline given by the Central Bank of Nigeria (CBN) to commercial banks to get all accounts linked with customers’ Bank Verification Number (BVN) or National Identity Number (NIN). It was learnt that many banks sent fresh and final reminders…

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Finance and Economy

Millions Of Bank Accounts in Access, UBA, Zenith, First Bank, and Others To Be Closed – CBN

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Millions Of Bank Accounts in Access, UBA, Zenith, First Bank, and Others To Be Closed – CBN

The Central Bank of Nigeria (CBN) has disclosed its plan to close millions of bank accounts in several financial institutions that are not linked to a Bank Verification Number (BVN). The CBN director, Risk Management Department and Chief Risk Officer, Blaise Ijebor disclosed this at a Compliance Breakfast Dialogue on Thursday 6th April 2023. He…

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Finance and Economy, Financial Crimes