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Alexander O. Onukwue Share this article NIBSS wants to tighten security around Nigeria’s Bank Verification Number (BVN) system. But there are concerns about fair competition. On the 29th of March this year, the Nigeria Interbank Settlement Scheme (NIBSS) published an important document. The “Approved Standard Operating Guidelines for BVN Matching System Version 2.0” document is Nigeria’s BVN operations manual. It explains how banks should enrol and verify customers for BVNs, and how institutions can access the BVN system.  BVNs – unique identification numbers for bank customers – were launched in 2014 by the Central Bank of Nigeria (CBN) and the Bankers’ Committee as a “Know Your Customer” (KYC) infrastructure for the financial sector. 

Esigie agueleNigeria national youth service corpsNigeria bank verification numberBanker committeeCentral bankNational identification numberBank verification numberNigeria interbank settlement schemeStandard operating guidelinesSystem versionNational youth service corpsApplication programming interfaceData protectionநைஜீரியா தேசிய இளைஞர்கள் சேவை கார்ப்ஸ்வங்கியாளர் குழுமைய வங்கி