Over 91 million bank accounts at risk of deactivation as CBN’s BVN/NIN deadline expires

As the March 1 deadline set by the Central Bank of Nigeria (CBN) for the linkage of bank accounts with either the Bank Verification Number (BVN) or National Identity Number (NIN) expires, approximately 91 million bank accounts face the risk of being frozen.

The CBN had directed commercial banks to restrict tier-1 accounts without proper BVN or NIN linkage.

The directive, issued on December 1, 2023, outlined the immediate placement of unfunded accounts on ‘Post No Debit or Credit,’ with funded accounts scheduled to face the same restriction effective March 1, 2024.

Banks intensified efforts over the weekend, sending final reminders to depositors to utilize digital platforms or visit branches for the necessary BVN/NIN linkage to avoid the potential freezing of their accounts.

The directive further stated that the BVN or NIN associated with all accounts must be electronically revalidated by January 31, 2024.

While the CBN has not officially clarified the consequences for customers failing to comply with the BVN/NIN linkage, banks have warned that non-compliance could result in the inability to carry out transactions.

Panic has ensued among depositors, leading to frequent bank visits as customers strive to update their account information before the March 1 deadline.

As of January 26, the Nigeria InterBank Settlement System (NIBSS) reported that BVN-linked accounts stood at 60,492,104 million.

Source : https://politicsnigeria.com/over-91-million-bank-accounts-at-risk-of-deactivation-as-cbns-bvn-nin-deadline-expires/

Man102:
Over 91 million bank accounts at risk of deactivation as CBN’s BVN/NIN deadline expires

As the March 1 deadline set by the Central Bank of Nigeria (CBN) for the linkage of bank accounts with either the Bank Verification Number (BVN) or National Identity Number (NIN) expires, approximately 91 million bank accounts face the risk of being frozen.

The CBN had directed commercial banks to restrict tier-1 accounts without proper BVN or NIN linkage.

The directive, issued on December 1, 2023, outlined the immediate placement of unfunded accounts on ‘Post No Debit or Credit,’ with funded accounts scheduled to face the same restriction effective March 1, 2024.

Banks intensified efforts over the weekend, sending final reminders to depositors to utilize digital platforms or visit branches for the necessary BVN/NIN linkage to avoid the potential freezing of their accounts.

The directive further stated that the BVN or NIN associated with all accounts must be electronically revalidated by January 31, 2024.

While the CBN has not officially clarified the consequences for customers failing to comply with the BVN/NIN linkage, banks have warned that non-compliance could result in the inability to carry out transactions.

Panic has ensued among depositors, leading to frequent bank visits as customers strive to update their account information before the March 1 deadline.

As of January 26, the Nigeria InterBank Settlement System (NIBSS) reported that BVN-linked accounts stood at 60,492,104 million.



Source : https://politicsnigeria.com/over-91-million-bank-accounts-at-risk-of-deactivation-as-cbns-bvn-nin-deadline-expires/

Unnecessary demand. Up till today, there are still functional accounts without linkage to BVN.
I'm not linking nada. Let the Banks block my accounts first. I want to check something.

Seriously we are an unserious country. What stops the banks from having a ussd code to have people do these things to decongest the banks and save themselves the stress

Fake. With all the linkage, kidnappers are still collecting ransom

Hmm

Abeg make we hear word... Deadline everyday..



Thanks Jare ds guy wey comment below me..

Why everyday notification, block them if you want.

Very unserious country. Even the owner of Nairaland na Twitter influencer. I no blame CBN

This wouldn't be right time for bank customer services staff overworked will be hell

Man102:
Over 91 million bank accounts at risk of deactivation as CBN’s BVN/NIN deadline expires




Source : https://politicsnigeria.com/over-91-million-bank-accounts-at-risk-of-deactivation-as-cbns-bvn-nin-deadline-expires/

E no go better for una if una no freeze our accounts.......

By the time Nigerians start burning banks. Make una continue

Nbote:
Seriously we are an unserious country. What stops the banks from having a ussd code to have people do these things to decongest the banks and save themselves the stress

Do you even recall how many times we v done NIN verification in various places and BVN?
They should deactivate it. Enough is enough!
Criminals know how they bypass govt!
When Elemefiele oloriburuku was CBN gov. He and tiringbeku Bihari said naira redesign ll curb corruption. They did it and added more hunger and pains to the poor man. This time last year, we were buying N3K for N5K, N6K for N10K etc. Their mumu policy no stop vote buying instead it aided it. So where v we impressed?
Only to suffer more after any policy!
Kilode?
Are we born to suffer?
The pain's too much!

Upon hunger in the land, they want to put Nigerians in another panic mood.

Stewpid country

.

Just one more threat to deactivate account not linked by BVN/NIN, and i will go to bed and sleep. Enough of the barking and threats already.

Story
Who go lose out?
People have started storing wealth in other forms as naira no get direction

hisexcellency34:
Fake. With all the linkage, kidnappers are still collecting ransom

The fulani are fighting Tinubu

Close jare..how many Nigerians get money for acc?
but on a serious note apc nor wan let Nigerians drink water drop cup..from one wahala to another

R

Am not going to stress myself for that.
Whatever information they need they should check my BVn everything is there

All this data is just to give and sell the data records to USA fbi to monitor Africans

1st march suppose be deadline but tier one account still they work.... Nigeria our country.

This tension is not needed now



People are already going through now

Stressing Nigerians.
Why do we need two different identify - BVN and NIN ?

Very useless country.

Nigeria government is always bent on seeing the people suffer.

Otilor

What about the one for those that lives overseas!

Hmmm!!! Hope it won't affect my 2k for OPAY. Make riot no start from there o.

Man102:
Over 91 million bank accounts at risk of deactivation as CBN’s BVN/NIN deadline expires




Source : https://politicsnigeria.com/over-91-million-bank-accounts-at-risk-of-deactivation-as-cbns-bvn-nin-deadline-expires/

This is unnecessary stress, but I want to thank the banks for saving Nigerians the stress , Uba opened their portal you can submit your NIN there by simple instructions on their website, fidelity bank is very easy if you follow them on Facebook chat them up with your NIN,opay very easy open the app they will ask you to put ur NIN, Nigerian government can't stress us more at these hardship, kudos to the banks both opay , kuda , Uba, fidelity etc they reduced the stress except you don't have an internet connected Mobile smartphone

Okay