2018-07-10 | BPS/DIR/GEN/CIR/05/007

Amendment To The Regulatory Framework For Bank Verification Number Operators and Watchlist For The Nigerian Banking Industry

The Central Bank of Nigeria has amended its regulatory framework for Bank Verification Number (BVN) operations, now requiring entities seeking access to BVN information to provide a valid court order in addition to CBN approval. This amendment is effective immediately and applies to all stakeholders, including deposit money banks, mobile money operators, and microfinance banks.

Nigeria

Central Bank of Nigeria

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