swimcash:
lol...ur ignorance is amazin.......ow possible can one steal ur money wit ur bvn? bt u fit giv ur bvn numb 2 d banker 2 link ur Acc...bro, its nt possible ok

dan56:
sir your the ignorant one here. If I steal your phone or sim linked to your account. I can get your personal details. Vital information. And if your in for online banking it easy for me to do the rest. Getting your bvn number. I CAN have acces to all your registered information. Don't ask me next step. Just post your bvn number here. Thank my wise ignorant nairaland user.

mfm04622:


Think of BVN as an ID card. Then all will be clear. BVN will replace identity cards that be faked. Nothing more.

MikelEleta:
Alright I would do just that but please this has to be put in front page

MikelEleta:
Alright I would do just that but please this has to be put in front page

dan56:
it's more than that. It's like a security for transaction too.

mfm04622:


Where are you getting this info? I work in the banking industry. Though am not an IT person, I know the purpose the BVN is meant to serve. People now come to Bank with fake documents that will fool anybody till the owner of the account start shouting he/she did not authorise any withdrawal. With BVN, when they scan your fingerprint, they know who you are! They know the accounts you can withdraw from. You can't impersonate another person in the bank. If BVN will lead to your account being compromised, then any rogue banker can send your BVN to his/her accomplice and drain your account as bankers that has your account number or name can see your BVN.

Chinaimporter:
[size=18pt]it is very true.....no need for childs play here.......i dont want to lose my 4 billion naira in nigeria like i lost my 90 million dollars in venezuela and interpol seized my 101 million dollars in colombia[/size]

dan56:
check my post. It's at high risk if the account holder sign up for online banking....sorry to say this. Got my info from guys that are defrauding citizens of the hard earn money .

dan56:
check my post. It's at high risk if the account holder sign up for online banking....sorry to say this. Got my info from guys that are defrauding citizens of the hard earn money .

Chinaimporter:
[size=18pt]it is very true.....no need for childs play here.......i dont want to lose my 4 billion naira in nigeria like i lost my 90 million dollars in venezuela and interpol seized my 101 million dollars in colombia[/size]

emerem:
We are all here to learn from each other. Plz my bros dont be offended, watch your usage of 'would' as a present tense instead of 'will'. Many professors I know also make that mistake which outrightly outwitted their quest for flawless grammar. The word; will changes in tenses like others. Would is just the past tense of will, no string is attached to that. Coming to your point, it is not wise for NCC to allow such sensitive biometric data to be accessed without a password or other security gateways. I was in the bank the other day to link my account with the BVN, the account officer collected my phone, only to return it with a hiss, I thought you registerd your BVN with this sim. I was surprised to notice she just flashed her phone with mine to get my number, but on the other side, she was right that wasn't the phone number I registered with. Something should be done about this fast.

jomoh:


Here is my question.

Don't you give people your account number?


Am sure most of the people that will join in condemning this innovation have distributed their account number to almost everyone on their contact list.

Having access to my BVN is like having access to my account number simple. It doesn't mean you have access to my account.

This is why the western worlds still regard us as being backward.

tosyne2much:
Hahhaha

debbie:
As far as i know,Nigeria is not yet ripe for all these ADVANCED TECHY STUFF we do.Do we have enough communication security,do we have enough internet security...have people been educated on the importance of all these and how to safeguard their data,info and personal stuffs( what about those who are illiterates,those aged men and women in the villages and towns,the ignorant youth who dosnt understand how all these works).What we want it to do this and that,CBN will wake up one day to issue an order ( which will turn to be a problem to the masses).Internet banking is porous in Nigeria,even face to face banking has its loopholes too.Even NCC has not even helped ordinary mobile phone users,have the ensured our information is safe.

We want to be like the developed world by force.....until then,biko try to educate your parents ,relations,uncles and aunties....and even friends.So that they wont fall prey to the gullible people out there.

We are far from cyber,mobile and telecommunication security....Nigeria doesnt even have a central security center where tech gurus work to ensure that things are safe.....please tell me if we have any?

Anyway my bvn number is deep down my BOX.

dan56:
giving your bvn to the wrong hands. Will expose your vital information....personal datas, And if your in for online banking it paves way to clear your account. By extreemed online bank defrauders.....

mfm04622:


Where are you getting this info? I work in the banking industry. Though am not an IT person, I know the purpose the BVN is meant to serve. People now come to Bank with fake documents that will fool anybody till the owner of the account start shouting he/she did not authorise any withdrawal. With BVN, when they scan your fingerprint, they know who you are! They know the accounts you can withdraw from. You can't impersonate another person in the bank. If BVN will lead to your account being compromised, then any rogue banker can send your BVN to his/her accomplice and drain your account as bankers that has your account number or name can see your BVN.

jomoh:


My broda shey I lie ni.

When a so called educated person is afraid of ordinary BVN that is protected by my fingerprints. It shows the person is not in tune with the present technology let alone the Nexgen technology.

I see no difference between such person and an old illiterate market woman who for the fear of the bank loosing her money prefers to keep in under her bed.

Only that that woman, was better because she is an illiterate. If she had been educated, she would have a better chance of understanding how it works.

And the fact that he brought it to an open forum like Nairaland and some people were supporting him makes it really annoying.

aspirebig:
Very soon, NCC will be called to settle family issues.

Is like some people never knew that NCC is existing until recently.

Very interesting.

tosyne2much:
Bros you have spoken intelligently

I have also been wondering why on earth an educated person will be bereft of technological knowledge.

Even without asking, one's initiative should tell him that another person can never get access to your account with just BVN

tosyne2much:
Bros you have spoken intelligently

I have also been wondering why on earth an educated person will be bereft of technological knowledge.

Even without asking, one's initiative should tell him that another person can never get access to your account with just BVN

mfm04622:


Sir, you are the ignorant one. BVN is a means of identification! If anyone steal your ID card that contain your photo and finger print. Does that give them access to your account?
What BVN will b used for is confirming you are who you claim to be in banks. For example, instead of asking for driver's licence that we know can be faked, banks will just ask you to put your finger on a finger scanner. End of story! You can not be Aina and claim you are Ojo again.

GoodMuyis:



No He didnt have a point, the New bank will Verify your name and photograph before any transaction that requires BVN

sameolg616:

Now u both are the ones talking like the illiterates..if America,a more organized country can be hacked then wats the relevance of ur bvn in the whole matter..as Fashola said "it's an institutional process"..bvn is an improved centralized of the old mandate banks used to request from each other..the person that wrote this thread made a very good point and awareness needed in improving the system..u shd be applauding him..
Let me give u an assignment..find ur friends mtn fone who has neva transferred credit before and try to...the system wld return an error prompting u to change the default password of 0000 to ur desired password..wen its successful....are u aware,even the owner of the fone is not aware and in the future can't even transfer on his fone except he calls in to complain..so tell me,who provided the information used to commit the crime?mtn

tosyne2much:
hmmmmm !!!


You are wrongly justifying the OP bro.. Nobody is denying the fact that a call for safety practices are needed to avert fraud and manipulation

What we are trying to say is that, your BVN is synonymous to your account number. In as much as it's quite unnecessary to hide your account number from other people, same thing applies to BVN

tosyne2much:
hmmmmm !!!


You are wrongly justifying the OP bro.. Nobody is denying the fact that a call for safety practices are needed to avert fraud and manipulation

What we are trying to say is that, your BVN is synonymous to your account number. In as much as it's quite unnecessary to hide your account number from other people, same thing applies to BVN

sameolg616:

as its said:nobody controls the internet,just make the best of everytin if u can"
this is my field and i dont leave anytin to chance.....
years ago,there was a famous scam in intercontinental banks......a bamker just developed a bug to be deducting N5 from pples accounts...so tell me,if u got an alert that read "N5 deducted from xxxxxxxxxxxx for xxxxxxxxxxx reasons"...trust me,u wld never call ur bank to complain or investigate...now do the math,N5 X 1million accts...dint that scam just bypass ur bvn and gain access to ur account?
and do u know why?cuz thats an inside job..
i still dont know how he was caught but it wld boil down to GREED..
try watch this movie by harisson ford "firewall'...he built the safety and hardest firewall against bank fraud...but the fraudsters had a better plan,he would be the same person to break the firewall and grant their wishes....it was a simple wish....they wanted just $10k from the 100top millionaire accounts..

jomoh:


Abi o.

And the guy and some of his equally shameless apologists keep arguing with anyone who cares to enlighten them.

MikelEleta:
Has anyone wondered about the dangers of using your phone to get your BVN number. All I see is how excited everybody seems to be. Though its a laudable initiative BUT I feel it would give room for criminals and hackers to easily obtain the BVN number simply by collecting ones phone and using it to send the code thereby obtaining the BVN number. Something urgently needs to be done concerning this OR in the meantime let it be stopped by the NCC. I fear for the repercusions of this. Does anyone concur to what am saying or has a contrary opinion? Please I would like to get contributions. Cc Lalasticlala, Obinoscopy, Ishilove and all other mods please push this to front page let the authorities hear us.