For some months now, the question on the lips of any teller you meet in every bank in Nigeria has always been "where is your bank verification number? this they ask even though they know you have no time to answer that at that point in time.

so the reason for this post is to make us all understand the importance of the Bank verification number as introduced by the central bank of Nigeria (CBN) and these are listed below:

1. BVN gives a unique identity that can be verified across the Nigerian Banking Industry (not peculiar to one Bank)

2. Customers Bank Accounts are protected from unauthorized access

3. It will address issues of identity theft, thus reduce exposure to fraud

4. The BVN will enhance the Banking Industry chances of being able to fish out       blacklisted customers

5. Reduce queue in Banking Halls

6. Standardized efficiency of Banking operations

7. The Customers unique BVN is accepted as a means of identification across         all Nigerian Banks

PLEASE NOTE: the issuance of BVN is not to be charged for as it is totally free, on completion of the biometric process, you will be sent a text message confirming the successful registration of the BVN. In some cases where text messages are not available after 2days, candidates are adviced to head back to their banks of registration and request for their BVN


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