Lagos — As banks' customers intensify efforts to enroll for the Bank Verification Number (BVN), the Managing Director of the Nigeria Interbank Settlement System (NIBSS), Mr. Ade Shonubi, has said that they would not be charged for the 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, avoids losses through compromise of personal identification numbers and other criminal activities in the industry.
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