Bank Verification Number: Difference between revisions
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Revision as of 18:41, 17 June 2015
The Bank Verification Number commonly called BVN is a biometric identification system implemented by the Central Bank of Nigeria to curb or reduce illegal banking transactions in Nigeria.[1] It is a modern security measure in line with the Central Bank of Nigeria Decree to reduce fraud in the Nigerian banking system.[2]
References
- ^ "Importance of bank verification number". Vanguard News. Retrieved June 17, 2015.
- ^ "Only 7% registered for BVN –NIBSS'". The Sun News. Retrieved June 17, 2015.