Bank Verification Number BVN does not expire - CBN

The Central Bank of Nigeria CBN, has said that there is no expiring date on the Bank Verification Number.

The apex bank made this known in a document issued by its Acting Director, Corporate Communication, Isa AbdulMumin, on Wednesday, May 10.

He said this following a viral video of a man who claimed the BVN will expire by 2023 and that Nigerians should prepare to go for another registration by 2024.

“Contrary to these claims, we wish to clarify 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,” the statement said.

The apex bank, also said that “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,” it said.