If you are in Nigeria……..and you have a bank account… You must get your BANK VERIFICATION NUMBER!!?!? Bank Verification Number, BVN, is part of the Central Bank of Nigeria, CBN’s, cashless policy to capture customers’ data and check fraud in the banking system.
It is an initiative of the CBN to give every customer in the Nigerian banking system a unique identification number that can be verified across all banks in Nigeria.
It takes just about 15 minutes (My Bank oh) and you only require your pen and account number. It Iis really easy and it is better you get it done before the rush hour when it is closer to the deadline!!!!!. The campaign is on, but we may not realise its importance until it closes on June 30th 2015.
e enrollment process for acquiring your BVN is very very simple and you can take a look at it!!!!
We should also be aware that some fraudsters are trying to undermine the exercise by providing seemingly easier registration options for bank account holders. They request these details online and threaten that the account would be closed if the owner does not provide them the details. Their target is the account holder’s money. The best way of enrolling remains direct communication with one’s bank.
Well I have always wanted to have a blog and now i finally do….THANK GOD….I remember a few months back I was trying to do a project on the NDIC( Nigerian Deposit Insurance Company) and i decided to look for a blog that provides banking information like a banking blog and I found only one which was HORRIBLE….So I decided to start my own blog that would providing information on the BANKING INDUSTRY TO THE WORLD!!!!!. So cheers to that. I want to thank God for this opportunity. I would use it well.