By Hosea Parah, Abuja

The Central Bank of Nigeria (CBN) has clarified Nigerians of the false claims been to a reports suggesting
that the Bank Verification Number (BVN) issued by the Bank in collaboration with the Nigeria
Inter-Bank Settlement System (NIBSS) expires after a ten-year period.

This was contained in a statement signed by Isa AbdulMumin Ag. Director, Corporate Communications on Wednesday in Abuja.

According to the statement, that the BVN issued in Nigeria has no expiry date. Once a customer’s biometrics have been captured and enrolled in the database of NIBSS, the BVN remains for life.

However, 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.

Therefore, we urge 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. As such, the general public should be guided accordingly.