NIMC reassured the public that Nigerians’ data remains uncompromised despite reports of unauthorized websites selling sensitive information. Eko Hot Blog reports that in response to allegations of exposed sensitive data, the National Identity Management Commission (NIMC) has reassured the public that Nigerians’ data remains uncompromised. This online media platform gathered that this assurance was provided … Read more
Eko Hot Blog reports that starting from March 1, 2024, the Central Bank of Nigeria (CBN) has announced that accounts lacking the Bank Verification Number (BVN) and the National Identity Number (NIN) will face restrictions on conducting transactions Similarly, the CBN has made the possession of BVN and NIN mandatory for all bank account openings. … Read more
EKO HOT BLOG reports that the Federal Government is reviewing and expanding the National Social Register to accommodate pensioners and ex-servicemen under its Conditional Cash Transfer scheme. It is also removing beneficiaries who have excited the poverty line, dead beneficiaries and would disqualify those without National Identification Numbers and Bank Verification Numbers. It was further … Read more
The Central Bank of Nigeria (CBN) has confirmed that the Bank Verification Number (BVN) issued in collaboration with Nigeria Inter-Bank Settlement System does not expire. BVNs issued in Nigeria remain valid for life once a customer’s biometrics have been captured and enrolled in the database of NIBSS. The CBN implores all bank users across … Read more
A few years ago, the Central Bank of Nigeria introduced the “Cashless Economy” policy into the Nigerian banking system. The aim is to migrate regular banking transactions to Online and Mobile banking. Consequently, the USSD code and Mobile App banking came into play. USSD service enables customers to perform fund transfers, check balances, check BVN(Bank … Read more
Lagos state government has empowered 5000 youth with Point of Sale machine No fewer than 5000 youths from different parts of Lagos State were on Tuesday empowered with Point of Sale (POS) machines to enable the beneficiaries to become self-employed and financially independent. EKO HOT BLOG reports that the Commissioner for Wealth … Read more
UBA has released the names and account details of forex defaulters. EKOHOTBLOG reports that the United Bank of Africa (UBA) has published the names, Bank Verification Numbers (BVN), and account numbers of some individuals alleged to have violated the forex policy of the Central Bank of Nigeria (CBN). UBA made the disclosure via … Read more
CBN has given a fresh directive to banks over forex ban. EKOHOTBLOG reports that the Central Bank of Nigeria (CBN) has ordered all commercial banks in the country to publish on their websites the names and Bank Verification Numbers (BVN) of customers who engage in fraudulent and unscrupulous practices to obtain foreign exchange from banks. … Read more
The Minister visited the National Identity Management Commission (NIMC) registration Centre in Gwarinpa, the Zonal Headquarters of MTN, Glo Mobile and Airtel in Maitama The Federal Government has said that arrangements are ongoing to replace the Bank Verification Numbers (BVN) with the National Identity Numbers (NIN). The Minister of Communications and Digital Economy, Isa Pantami, … Read more
The National Identity Management Commission (NIMC) has stressed the need for Nigerians to visit the enrolment centres to complete their National Identification Number (NIN) registration. It insisted that it is mandatory for people not to be complacent with the generation of NIN due to Bank Verification Number (BVN) record harmonisation with the National Identity Database. … Read more
Lagos State House of Assembly Speaker, Hon. Mudashiru Obasa is in serious trouble as a total of 64 bank accounts that are fully operational have been linked to his BVN, Sahara Reports. These account numbers are said to be used in siphoning monies meant for Lagos State. Billions of public funds have been said to … Read more