One-stop mobile-based payment platform, OPay, has vowed to remove accounts without Bank Verification Number (BVN) and/or National Identification Number (NIN), effective from March 1, 2024.
This is coming on the heels of the Central Bank of Nigeria’s (CBN) new directives on Know-Your-Customer (KYC), mandating all accounts and wallets for individuals to have BVN and/or NIN before March 1, 2024. CBN also directed that, no new accounts or wallets should be opened without BVN or NIN.