In recent years, the world has witnessed increased financial scams and identity theft, posing severe threats to personal finances. The Bank Verification Number (BVN) was introduced as a protective measure to tackle these challenges in Nigeria. The BVN system has brought significant benefits to...
This thread is for the general discussion of the Money Articles The BVN System: Empowering Nigerian Banking and Account Security. Please add to the discussion here.
As part of efforts to aggressively accelerate financial inclusion in the country, the Central Bank of Nigeria (CBN), the Nigeria Interbank Settlement System (NIBSS), commercial banks and mobile operators are currently working on modalities to take the Bank Verification Number (BVN) enrolment to...
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The Central Bank of Nigeria (CBN) has revealed that no fewer than 31 million account customers have been captured in its Bank Verification Number (BVN) exercise.
The CBN Director, Banking and Payment System, Dipo Fatokun, noted that the bank has also linked a total of 43,959,282 bank …...
About 31 million bank account holders in the Nigerian banking sector have been put under the Central Bank of Nigeria-initiated Bank Verification Number (BVN). The initiative was introduced to ensure unique identifier in the Nigerian banking industry, address the absence of a unique identifier in...
I have always stated on this column, and elsewhere, that one of the most potent ways to fight and drastically reduce the scourge of corruption that has so terribly besieged our country is implementing innovative technological solutions. Of course, the political will to follow through is quite...
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