BREAKING: CBN Announces Commencement Date for Freezing Accounts Without BVN or NIN

The Central Bank of Nigeria (CBN) has announced plans to freeze all accounts without a Bank Verification Number (BVN) or National Identification Number (NIN) starting from April 2024.   This decision was communicated in a circular issued on Friday, December 1st, 2023.   According to the bank, a BVN or NIN verification will be “conducted […]

  Updates   Dec 2, 2023   0   37  Add to Reading List
BREAKING: CBN Announces Commencement Date for Freezing Accounts Without BVN or NIN
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The Central Bank of Nigeria (CBN) has announced plans to freeze all accounts without a Bank Verification Number (BVN) or National Identification Number (NIN) starting from April 2024.

 

This decision was communicated in a circular issued on Friday, December 1st, 2023.

 

According to the bank, a BVN or NIN verification will be “conducted shortly”.

 

The bank also stated that all the BVN or NIN attached to and associated with all accounts/wallets must be electronically revalidated by January 31, 2024.

 

 

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