The BVN registration is a directive given in February 2014, by the Central Bank of Nigeria to all commercial banks in the country to register all their customers biometrically in furtherance of the “Know Your Customer” policy. It is aimed at protecting bank customers and further strengthening the Nigerian banking system.
The BVN is also a unique number that enables an individual to have just a single identity in the banking system, regardless of how many accounts he/she has.
To make this process easier, Etisalat has recently partnered with the Nigeria Inter-Bank Settlement System (NIBSS), to launch a Bank Verification Number query service.
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Airtel, NIBSS Provide Easy Way to Recall Your BVN
NIBSS is the institution responsible for online money transfer payments and settlements among Nigerian banks. The service which was unveiled at the NIBSS headquarters is designed to help the banking Nigerian public query BVN services through their mobile phones.
Speaking about the partnership, the Chief Marketing Officer, Etisalat Nigeria Francesco Angelone, said the partnership with NIBSS on BVN notification service was in line with the Telco’s commitment to creating value for consumers across all sectors, including the banking and telecoms industries.
Angelone also added that, the partnership has brought about the creation of a USSD BVN notification solution for Etisalat subscribers to check their BVN on their mobile phones simply by dialing *560*0#. The service costs N10 per query.
Remember, the deadline for BVN registration is October 30, 2015 so get yours today!
