2012-06-15 | BPS/DIR/GEN/CIR/01/009

Recall of Circular to all Nigerian Deposit Money Banks, Microfinance Banks and Primary Mortgage Banks on the use of the National Identity Number (NIN) for the "Know Your Customer" (KYC) Verification

This document is a reminder to Nigerian deposit money banks, microfinance banks, and primary mortgage banks to immediately follow the circular issued on May 28, 2012. The circular emphasizes using the National Identity Number (NIN) for 'Know Your Customer' (KYC) verifications. This is a directive from the Central Bank of Nigeria, as stated by Dipo Fatokun, Director of the Banking & Payments System Department.

Nigeria

Central Bank of Nigeria

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