The Central Bank of Nigeria, CBN, says the Bank Verification Number, BVN, issued in the country remains for life and has no expiry date.
Its Acting-Director, Corporate Communications, Alhaji Isa Abdulmumin said this in a statement to counter the report by a national newspaper that BVN expires after 10 years.
Alhaji Abdulmumin said that the claim was completely false and therefore advised bank customers to be guided accordingly.
He stressed that the Regulatory Framework for BVN issued by the CBN in 2021 stipulates that customers can only change their records due to certain conditions spelt out in the document and after being cleared by relevant authorities.
He therefore urged bank customers in the country, especially those whose biometrics have been captured by the system, to continue using their unique identifiers as they last their entire lifetime.
