The Central Bank of Nigeria has said that the Bank Verification Number it issues in collaboration with Nigeria Inter-Bank Settlement System does not have an expiry date.
The apex bank revealed this in a document signed by its Acting Director, Corporate Communication, Isa AbdulMumin, on Wednesday night.
The bank said the insinuation that the BVN expires after 10 years of issuance is incorrect.
It, however, said based on “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”.
The CBN urged bank customers to be wary of unverified news from questionable sources.
