The Central Bank of Nigeria (CBN) has made it clear that the Bank Verification Number (BVN) issued by the Bank in collaboration with the Nigeria Inter-Bank Settlement System (NIBSS) has no expiring date, contrary to the scammed news going round that it would expire after a ten-year period.
“Contrary to these claims, we wish to clarify that the BVN issued in Nigeria has no expiry date.”
In a statement, the Acting Director, Corporate Communications Department of the apex Bank, Dr. Isa Abdulmumin said that once a customer’s biometrics have been captured and enrolled in the database of NIBSS,
the BVN remains for life. “However, the Regulatory Framework for BVN issued by the CBN in
2021 stipulates that customers can only change their records due to certain conditions spelt out in the document and after being cleared by relevant authorities.
“Therefore, we urge bank customers in the country, especially those whose biometrics have
been captured by the system, to continue using their unique identifiers as they last their entire lifetime.
“Be guided accordingly.”
