- CBN recently announced that it would close bank accounts not linked with BVN to clean up the financial sector
- This led to rumors that there is an expiration date for Bank Verification Number (BVN)
- The CBN has come out to make clarification just as the number of bank customers with BVN rises to 57 million
The Central Bank of Nigeria (CBN) has clarified that the Bank Verification Number (BVN) issued in the country does not expire, amidst rumors suggesting a 10-year expiration period.
The clarification was a response to a trending video alerting Nigerians to the need to revalidate their BVN after 10 years of issuance., Punch reports.
