Barbara Bako, Abuja. The Managing Director/CEO of the Nigeria Deposit Insurance Corporation (NDIC), Mr Bello Hassan has revealed that prompt payment of more 84.98 percent of liquidated Heritage Bank customers was enabled by the use of Bank Verification Numbers (BVN). The NDIC boss said this during the 21st edition of the NDIC Workshop for Business…
The central bank has announced that all bank accounts without BVN and NIN will be placed on “Post no Debit” effective April 2024. This was contained in a circular issued by the apex bank on Friday, 1st of December 2023, and sent to all deposit money banks in the country. The central bank also stated…
The Central Bank of Nigeria, CBN, says the validity of Bank Verification Number (BVN) isn’t time bound as reported in some quarters of the media. Its Acting-Director, Corporate Communications, Alhaji Isa Abdulmumin, said this in a statement on Wednesday. Abdulmumin said that the claim was completely false and therefore advised bank customers to be guided, accordingly. “The…
