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You are Viewing:Ritelink Blog > My Blog > BVN

BVN

Banks to report BVN of dead customers to NIBSS within 24 hours

2021-10-14
BUSINESS
By: Ubong Abasi
On: October 14, 2021

The Central Bank of Nigeria (CBN) has directed banks and other financial institutions to report Bank Verification Number (BVN) of a deceased customer to the Nigeria Interbank Settlement System (NIBSS) within 24 hours of confirmation. The directive is contained in the revised BVN guideline issued by the apex bank andContinue Reading

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