BY TEMITOPE ADEBAYO The enrollment for Bank Verification Numbers (BVN) in Nigeria has reached 64.8 million as of January, according to data from the Nigeria Inter-Bank Settlement System (NIBSS). This reflects an increase of 800,000 registrations in just two months, highlighting ongoing efforts to improve financial security and inclusion. The BVN, a unique identifier issued […]
Motolani Oseni Securities and Exchange Commission (SEC), has approved the book build in respect of the proposed Green Bond, issued by Access Bank Plc. Following the approval, the book build commenced on Thursday, 21st February 2019 and will be concluded in exactly one week, after which the funding of commitment will begin on Friday, March […]
…Account holders linked with BVN hit 46.1m …As banks record N19.77bn fraud, forgery cases in 6 months Not less than 25.7million bank customers are yet to be captured in the Bank Verification Numbers (BVN) exercise as at June 30, 2018, the Central Bank of Nigeria (CBN) has revealed. The apex bank stated that 64 per […]
…As enrollment hits 35.1m Despite awareness and rigorous campaigns, no fewer than 37, 639,438 bank customers are yet to be captured in the Bank Verification Numbers (BVN) exercise as at October 7, 2018, the latest update on BVN by the Nigeria Inter-Bank Settlement System Plc, (NIBSS) has shown. The total number of BVN so far […]
Total bank customers with Bank Verification Number (BVN) stood at over 33.95 million as at July 15, 2018, data obtained from the Nigeria Inter Bank Settlement System Plc (NIBSS) has revealed. This development simply means that 46.7per cent of the 72,696,254 active account holders have registered on BVN initiative of the Central Bank of Nigeria […]
As Anchor Borrowers Programme takes root in 34 states The Central Bank of Nigeria (CBN) has disbursed N80billion to over 358,000 small holder farmers under Anchor Borrowers’ Programme. The beneficiaries cut across 34 states cultivating eight different commodities. The CBN Governor, Mr. Godwin Emefiele, confirmed the latest figures on Thursday in Abuja when he flagged […]
…Over 4, 000 bank customers Lose N6.5m …Six In Police net Despite the several messages from the various banks advising members of the public against honouring fictitious request by financial fraudsters to update their bank accounts over 4,000 unsuspecting bank customers have reportedly lost a whopping sum of N6.5 million to fraudsters currently on the […]
As Biometric Verification Number (BVN) registration for Microfinance Banks’ customers ends December 31, 2017, not less than 80 per cent depositor of the national licensed MFBs has been registered during the year, former Managing Director, ACCION Microfinance Bank Limited, Bunmi Lawson, has disclosed. Responding in to enquiries over the weekend, she said: “We have to […]
The Federal High Court in Abuja on Wednesday modified its orders made on October 17, 2017 directing the 19 commercial banks in the country to freeze all accounts without Bank Verification Numbers. Following a compromise reached between the lawyers to the Federal Government and 19 commercial banks during Wednesday’s proceedings, Justice Nnamdi Dimgba “revised” the […]
Ï N3trn Diaspora’s fund threatened over accounts seizure Ï Banks’ liquidity, economy may be affected Ï BCAN, Abike-Dabiri, others plead for extension Motolani Oseni, Lagos and Francesca Iwambe, Abuja As the deadline date for the new interim court order obtained by the Federal Government to freeze all accounts – corporate and individual – without Bank […]
There is no gainsaying about the positive effects of the Nigeria Interbank Settlement System (NIBSS’s) Bank Verification Number (BVN) validation portal in helping Bureaux De Change Operators (BDCs) in ascertaining the genuineness of BVNs of customers wanting to buy forex. MOTOLANI OSENI examines the impacts of the measures on the foreign exchange, as well as […]
..Send text messages, others to customers Motolani Oseni, Lagos As deadline of the Federal High Court’s interim order obtained by the Federal Government to freeze all accounts – corporate and individual – without Bank Verification Numbers (BVN) is fast approaching, Deposit Money Banks (DMBs) operating in the country have started reaching out to their customers, […]
Andrew Orolua, Abuja Aggrieved by the government’s plan to secure order of forfeiture of all bank accounts without Bank Verification Numbers (BVN), the Incorporated Trustees of Total Support for Rule of Law and Justice Initiative has asked the Federal High Court Abuja to join it as defendant in the suit against 19 commercial banks in […]
Respect individual customer’s rights – Lawyer Motolani Oseni, Adesola Afolabi, Lagos As expected, sharp reactions have continued to trail the recent directives by the Federal High Court, Abuja, ordering the Central Bank of Nigeria (CBN), and the Deposit Money Banks (DMBs) in the country to freeze all accounts in their custody and the balances therein […]
The Nigeria Inter Bank Settlement System Plc (NIBSS) said over 30 million bank customers have been issued Bank Verification Number (BVN) as at August 13,2017. So far, NIBBS has issued 58 per cent BVN cards to 51.7 million total BVN accounts holders that have enrolled. NIBSS said total BVN accounts enrollment in January was at […]
The Bank Verification Number (BVN) exercise conducted by the Plateau state government aimed at identifying and flushing out ghost workers among civil servants, has exposed 579 fake workers and saved N68.6 million monthly for the state government. Speaking with newsmen at the monthly ministerial briefing yesterday, the Commissioner for Information, Malam Muhammad Nazif, assured that […]
A faith-based women organisation, Al Mu’minaat, has warned government functionaries who often discriminate against hijab-wearing ladies to desist from heating up the polity. This is as the organisation commended the Osun State government for its quick intervention in preventing another religious conflagration. The Amirah of the organisation, Hajiyah Mulikat Abiola Hassan hailed the sagacity of […]
Ninety percent of the 200, 000 unemployed Nigerian graduates selected in the first batch of the N-Power Volunteer Corps (NPVC) have been verified using the Bank Verification Number (BVN) and therefore any untrue information submitted in the process of application is a ground for disqualification. The Senior Special Assistant on Media & Publicity in the […]