Business

The Central Bank of Nigeria says (BVN) issued in Nigeria remains for life

The Central Bank of Nigeria (CBN) says the Bank Verification Number (BVN) issued in Nigeria remains for life and has no expiry date, as reported by a national newspaper. Its Acting-Director, Corporate Communications, Alhaji Isa Abdulmumin, said this in a statement on Wednesday.

 According to Abdulmumin, the claim is completely false. He therefore called on bank customers to be guided. The BVN, is an 11-digit number that acts as an individual’s universal ID in all banks in Nigeria. It ensures a customer can engage securely in transactions at any Point of Banking operations.

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