Nigerian Banks Push Customers to Link NIN and BVN Ahead of CBN Deadline
Ikenna ChurchillFebruary 28, 20241 Mins read1.6k 
Nigerian banks are urging customers to link their National Identification Number (NIN) and Bank Verification Number (BVN) ahead of the March deadline set by the Central Bank of Nigeria (CBN). While some customers have already linked their BVN but not their NIN, the directive required it for tier two and three accounts.
Bank officials emphasise compliance to avoid potential account blocks, especially for customers with discrepancies in their details. Despite receiving messages, many customers express frustration at the perceived repetition of the process and the requirement to visit bank branches for linkage. The CBN’s directive, issued in December 2023, mandated BVN or NIN attachment to all accounts, with non-compliant accounts facing restrictions from April 2024.
Tier one accounts must have BVN or NIN, while tiers two and three require both. Compliance with the January 31, 2024, revalidation deadline is crucial, as non-compliant accounts will be restricted from transactions starting March 1, 2024.
Read more: Satchet Water To Likely Sell at N100, Producers Say
About The Author
Related Articles
Niger Grants Major Uranium Mining Permits to National Companies, Two Years After Taking Control From Foreign Operators
Niger has granted two major uranium mining permits to national companies, marking...
Benin-Ore Road Is Blocked, Traders Are Stranded for Days, Yet Tinubu and Umahi Are Pouring Billions Into Coastal Highway Nobody Is Using
The Benin-Ore Expressway is one of Nigeria’s most vital economic corridors. It...
Finance Minister Taiwo Oyedele Says FG Won’t Publish Spending Details of $5bn FAB Loan, Insists There Is Nothing Special About It
The federal government will not publish a specific breakdown of how funds...
Ghana Mineworkers Demand Release of $34.5 Million in Savings Frozen Since 2017 Bank Clean-Up
Ghana’s mineworkers have petitioned the central bank to release more than 380...