Business

NIN/BVN Linkage: Nigerians lash out over CBN’s directive

The Central Bank, through Nigerian banks, has recently sent out notifications urging customers to link their National Identification Number (NIN) and Bank Verification Number (BVN). 

However, the hashtag #NIN/BVN has been trending on X, with numerous customers expressing concerns about the emotional and physical turmoil involved in the rush to complete the linkage.  

While some customers view this as a redundant process due to the documentation already required during the account opening, TheWitness discovered that many may have linked their BVN but have not yet linked their NIN, as mandated by the new directive.  

For tier 2 and 3 accounts and wallets, the CBN’s directive stipulates that they must be linked with both BVN and NIN, whereas tier 1 accounts have the option of linking with either BVN or NIN.

Bank sources indicate that some customers who linked their BVN have discrepancies in their details and will need to rectify these to prevent potential account blocks.  

Despite the challenges, several bank customers are expressing frustration and calling on the CBN to reconsider introducing self-service features to enable customers to carry out this process without enduring long queues at the bank. 

Samuel Ajayi 

Ife 

Victor 

Dandy 

 

Sinzu baba 

Godbody 

Mayor_lagz 

Nuelowogundu 

Talk2veee