2021-10-13 | PSM/DIR/CON/INM/013/149

Revised Regulatory Framework For Bank Verification Number (BVN) Operations And Watch-List For The Nigerian Banking Industry

The Central Bank of Nigeria (CBN) issues a revised regulatory framework for Bank Verification Number (BVN) operations and a watch-list for the Nigerian banking industry. The framework aims to enhance customer due diligence and Know Your Customer processes, promoting a safe and efficient banking and payment system. The CBN will monitor industry developments and provide further guidance as needed.

Nigeria

Central Bank of Nigeria

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