2018-01-09 | OFISD/DIR/CIR/GEN/018/217

Bank Verification Number (BVN) Enrollment for OFIs Customers

The letter is a directive from the Central Bank of Nigeria to other financial institutions, instructing them to place all customer accounts without a Bank Verification Number (BVN) on a 'post no debit' status, with the exception of credit lodgments. The directive also emphasizes the importance of continuing to enroll customers in the BVN program and maintaining compliance with previous directives regarding customer sensitization and progress reporting. Non-compliance will result in sanctions.

Nigeria

Central Bank of Nigeria

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