BVN has no expiry date

The Central Bank of Nigeria (CBN) has issued a statement denying claims that the Bank Verification Number (BVN) has an expiry date. Dr. Isa AbdulMumin, the CBN spokesperson, said in the statement that the BVN is valid indefinitely and remains a vital instrument for financial transactions in the country.  

AbdulMumin urged Nigerians to disregard any information to the contrary. He clarified that once a customer's biometrics have been captured and enrolled in the database of the Nigeria Inter-Bank Settlement System (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. 

 However bank customers in the country, especially those whose biometrics have been captured by the system, are urged to continue using their unique identifiers for their entire lifetime.