Nigeria: BVN, NIN Compulsory for Retirement Savings Accounts - PenCom

23 August 2019

The National Pension Commission (PenCom) has directed all Pension Fund Administrators (PFAs) to update the records of all retirement savings accounts (RSAs) to include Bank Verification Number (BVN) and National Identification Number (NIN).

This directive was contained in a notice by the PenCom directing PFAs to carry out a recapture exercise to link BVNs and NIN with RSAs.

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