CBN Tightens BVN Rules to Curb Fraudulent Banking Transactions

Nigeriacommunicationsweek | 16-03-2026 12:08pm |

Central Bank of Nigeria (CBN) has introduced stricter Bank Verification Number (BVN) enrolment and data access rules to prevent suspected fraudulent transactions, effective May 1, 2026. This was disclosed in a statement issued over the weekend and titled “Addendum to the Revised Regulatory Framework for Bank Verification Number (BVN) Operations and Watchlist for the Nigerian

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