Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


BVN enrollment hits 20m customers

14 September 2015, 14:41

Lagos - The Nigeria Inter Bank Settlement System Plc (NIBSS) says over 20 million customers have been enrolled by banks in the ongoing Bank Verification Number (BVN).

The organisation said in a statement issued on Sunday in Lagos that the milestone was achieved in the quest to ensure the success of the exercise.

It said NIBSS had already begun  collaboration with telecommunication firms to create a platform through which bank customers could confirm their registration status.

The statement stated that, ''Already, NIBSS has collaborated with one of the country's telecoms service providers, Etisalat, to roll out the BVN Query Service.

''The service, unveiled at the NIBSS headquarters recently, is designed to help the banking Nigerian public query their BVN on-the-go via their mobile phones.''

According to a statement, the initiative is due to the extended deadline for the BVN registration which ends on October 31 nationwide.
The News Agency of Nigeria (NAN) recalled that the BVN registration was a Central Bank of Nigeria (CBN's) directive to all commercial banks to register all customers' biometrica data in furtherance of the Know Your Customer (KYC) policy.

The statement quoted the Managing Director of NIBSS, Ade Shonubi, as saying, ''The initiative is in response to growing public demand for confirmation of BVN status by those who have enrolled on the platform.''

Shonubi said that the BVN Query Service would boost such efforts like KYC for banks.

Chief Marketing Officer, Etisalat Nigeria, Mr Francesco Angelone, said the partnership with NIBSS was in line with the telecom’s commitment to continue to create value for the consumers.

Also read: CBN extends BVN registration

Angelone said that the customers cut across all sectors, including the banking and telecoms industries.

“We are happy to be the first to offer this product among the operators because we believe that innovation is the way the telecoms industry must lead," he said.

He explained that Estisalat believed that offering value to the banking public was another way it could show the telecoms industry the way forward.

Angelone said that the integration with the banking industry was a pillar for development.

He said, ''Etisalat  subscribers can check their BVN registration status and number by dialing a dedicated  code for an instant response at a cost of N10 per query.

''The query service is based on instant-request-instant-response and aims at providing utility for those who have enrolled on the BVN platform of the CBN.''


Tags cbn nigeria

Read more from our Users

Nigeria @ 56: Words to my green f...

A leader’s job is not to dictate, but rather to be respected, admired and be a trustee, of the land we love, with so much potential, a land which should be freer than free. Its still a long way to fufilling our destiny! Read more...

Submitted by
Isaac Asabor263
Recession: An opportunity for Nig...

The recession should be seen as an opportunity for the country’s promotion as long as we all collectively conduct ourselves in a patriotic manner, writes Isaac Asabor.  Read more...

Submitted by
Black and White

We want to imitate the whites in everything because we are ignorant of our inherent originality and content. We spend all our Naira to acquire his inventions because we so oblivious of our natural endowments that we allow him have it for free. Read more...

Submitted by
Nate Nat
Adamawa State University Mubi: A ...

ADSU integrity forum has accused the Sunday Joshua Wugira, a lawyer, of adopting unorthodox tactics by abusing his privilege by attacking the integrity of ADSU Vice Chancellor Dr. Moses Zira Zaruwa, writes a News24 reader. Read more...

Submitted by
Abdulsalam Jubril
My Country Nigeria (Part One)

Poetry by Abdulsalam Jubril.

Submitted by
Abdulsalam Jubril
Recession, dearth in leadership a...

Every leader has the opportunity to become great and making himself immortal in the lives and hearts of people for generations to come. Will Mr. President seize this opportunity?, questions Abdulsalam Jubril. Read more...