Nigeria: NIBSS - Banks Won't Charge Customers for BVN Cards

30 March 2015

Managing Director of the Nigeria Interbank Settlement System (NIBSS), Mr. Ade Shonubi, has said bank customers would not be charged for the bank verification number (BVN) cards that would be issued to them after they have completed their registration.

The BVN is an initiative aimed at protecting bank customers and further strengthening the Nigerian banking system. It is an initiative of the Central Bank of Nigeria (CBN), in conjunction with the Bankers' Committee meant to address the safety of customers' funds, avoid losses through compromise of personal identification numbers and other criminal activities in the industry.

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