₦airaland Forum

ojoadeola:
The federal government has disclosed its plan to link bank customers' bank verification numbers (BVN) with their national identity card data from next year.

Managing Director, Nigerian Interbank Settlement System (NIBSS) Mr. Ade Shonubi, disclosed this in a paper presented at the ongoing workshop for financial journalists organised by the Nigeria Deposit Insurance Corporation (NDIC) in Ilorin, yesterday.

Shonubi, who was represented by the Chief Risk Officer, NIBSS, Mr. Osioke Ojior, spoke on "Managing Risks of e-Banking."
He said the move would further strengthen efficiency in Nigeria's payment system.
According to the NIBSS boss, the objective of the BVN is to use biometric information as a means of first identifying and verifying all individuals that have account(s) in any Nigerian bank and consequently, as a means of authenticating customer's identity at the point of transactions.

The BVN scheme was launched in 2014. Shonubi noted that the benefits of the BVN project include credit check, know-your-customer, fraud management and transaction authentication. However, he listed categories of risks in the payment system to include strategic, preventable and external.

Meanwhile, in his presentation, the Director, Banking and Payment System Department, CBN, Mr. Dipo Fatokun, put the total number of agents enrolled in the mobile money sub-sector as at September 30, 2015, at 98,158. Also, the total number of mobile money subscribers as at the end of September was put at 24,389,263, with total volume of transactions at 76,952,409 and transaction value at N815,464,917,062.94.

Fatokun, pointed out that in Nigeria, as well as other developing countries, majority of the unbanked population have rely on cash or informal financial services which are typically unsafe, inconvenient and expensive.

Fatokun, whose paper was presented by an Assistant Director at the CBN, Mr. Olusola Agboola, said the CBN, noted the rapid growth of mobile telephony in Nigeria (over 120 million subscribers, according to the Nigerian Communication Commission), and the fact that majority of the unbanked have access to mobile phones. This, he said led to the adoption of mobile money in the country.

"One of the cardinal objectives of introducing mobile money in Nigeria is to stimulate financial inclusion. Financial inclusion enables underserved people and communities to have access to financial services that would enhance their economic opportunities; boost productivity in various sectors and, contribute to economic growth," he added.

http://www.thisdaylive.com/articles/fg-to-link-bvn-with-national-id-card-by-2016/223287/

Abeg make them link all the cards abeg. National ID; Voter Cards. We need to be able to curb cheating during election and also to serve as an instrument for population census.

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Hahahaha I registered my BVN with my previous age. and registered my ID card with my football age. then i use my Rugby age in SIM registration Hahaha which one them go con use na

I enrolled for the Bvn using my baptismal name...I enrolled for the national ID using my confirmation name....I opened my bank account using my papa name nd my first name...which one are they going to use now??

The perilous time is here,the end time is close,then what should thee people do,the bible say we should watch and pray. Pray,for you not to pray.

nicedas:
dia is no gtb here in nsukka, don't know wat to do, because I have already applied for Bvn in other bank. pls hw do I connect it to my account wen d bank isn't available

There is now Gtbank in Nsukka. I heard they have resumed banking services.

awa:
Whatever... let them just make sure people intels are well secured because some idiots might start nosing around about people privacy through them.

Even in advanced countries where leaders are serious about security, where electricity to power Security is 24/7, they are still struggling!

Where is that "Nuclear Power" button sef?


Lastpage!

bigtt76:
Stop misleading people.... The National ID is just a pre-paid card and is not tied to your bank account or all your bank accounts as you mentioned. Did you register your bank account at the point of enrollment?

Are u listening 2 urself at all. Were did u register ur BVN? Was it at a restaurant? Why are u connecting a single BVN wit all ur accounts? Ve u visited a bank lately 4 fund transfer? Was it posible without ur BVN?
FYI, at d close of BVN registration, u can't use ur ATM without imputing ur BVN. So if d national ID is linked wit BVN which is Linked 2 all ur accounts, wat other explanation do u want??
BTW: wat do u understand by Prepaid card if I may ask? Do u tink ur ID will generate money frm d National Treasury or TSA 2 pay ur bills?
Anyway 4d luv of country, let me educate u 4ther. At d point of collection of ur national ID, u are 2 activate d card wit a 4 digit pin which I ve done.
Wen ds process kicks off, wen u slot ur ID in2 an ATM machine, u'll be required 2 imput ur 4digit pin, den BVN afta which list of Banks will emerge 2 click & den u mek withdrawals or transfer or payment etc. Gerit?!

samuelizko:
I enrolled for the Bvn using my baptismal name...I enrolled for the national ID using my confirmation name....I opened my bank account using my papa name nd my first name...which one are they going to use now??

Ds is one of d main reason 4d BVN initiative; 2 reduce or eliminate confusion or fraud. What ever transaction u re doing with any bank, ur detail on the National ID will surfice. Those who use some accounts 4 fraudulent activities like ransome etc, tru d BVN, dey can be clamped down via their information on d ID. Also d main tin is ur finger print & photo which must correspond wit dat on ur Nat ID. Name is not an issue cos pipu share same name bla bla bla

jopex:
Whatabout those who don't have acct?

No problem. BVN is an ongoing process. Anytime u open an account, u'll do it immediately at point of opening a new account. As 4 National ID, its compulsory as a citizen. Linking it BVN is secondary function. Witout BVN, natn ID has its primary function

No need arguing with you!

annibro:
Are u listening 2 urself at all. Were did u register ur BVN? Was it at a restaurant? Why are u connecting a single BVN wit all ur accounts? Ve u visited a bank lately 4 fund transfer? Was it posible without ur BVN?
FYI, at d close of BVN registration, u can't use ur ATM without imputing ur BVN. So if d national ID is linked wit BVN which is Linked 2 all ur accounts, wat other explanation do u want??
BTW: wat do u understand by Prepaid card if I may ask? Do u tink ur ID will generate money frm d National Treasury or TSA 2 pay ur bills?
Anyway 4d luv of country, let me educate u 4ther. At d point of collection of ur national ID, u are 2 activate d card wit a 4 digit pin which I ve done.
Wen ds process kicks off, wen u slot ur ID in2 an ATM machine, u'll be required 2 imput ur 4digit pin, den BVN afta which list of Banks will emerge 2 click & den u mek withdrawals or transfer or payment etc. Gerit?!

The idea of merger of bvn and national ID info is a good one. I pray the govt gets it right now. It will help in crime prevention and make status verification easier. I will suggest the telecom registration infos are also included and the platform made a one stop data shop for all Nigerians and foreigners alike.

annibro:
Ds is one of d main reason 4d BVN initiative; 2 reduce or eliminate confusion or fraud. What ever transaction u re doing with any bank, ur detail on the National ID will surfice. Those who use some accounts 4 fraudulent activities like ransome etc, tru d BVN, dey can be clamped down via their information on d ID. Also d main tin is ur finger print & photo which must correspond wit dat on ur Nat ID. Name is not an issue cos pipu share same name bla bla bla

so..I should not bother changing the names??
cos I wanna start by changing the name I used for the Bvn

samuelizko:
so..I should not bother changing the names??
cos I wanna start by changing the name I used for the Bvn

Not neccessary. Some of ds tins mite need updating after every 4yrs. Eg Bank info & National ID. So wen dat time comes, u can always change it.

annibro:
Not neccessary. Some of ds tins mite need updating after every 4yrs. Eg Bank info & National ID. So wen dat time comes, u can always change it.

Only a Living Being can show u the Way...OK,,thanks

Very soon everything abt a Nigerian will be linked to their BVNs, from bank accts to National ID, den intl passports, applying for jobs, buying food, pensions e.t.c n d list goes on.

Hmmm d end times are indeed near.

samuelizko:
Only a Living Being can show u the Way...OK,,thanks

Ok. Yes I can only show u the way or rather guide u in earthly matters but there is One mightier dan me, Whose shoe latchet I am not worthy 2 unloose according 2 John D Baptist & I do quote. He alone can show u d way 2 Eternal Bliss because He is D Way & is ALive; Jesus Christ Glorified.
My guy, nothin do u.. Enjoy!

jurjur:
TUFIAKWA! How can grown idiots like u still b thinking anti-clockwise? I just read this article cus I know I must find some senseless assholes talking trash like u. Pls go and read the bible well & know what & who d anti-christ symbolises. They are already in your church teaching u falsehood bout d christ. Pls stop fooling urself & go get a life.

.......and y did u pick interest in my comment if u aren't a foo l??





only birds of de same flock together







bigger foo l



idi ot






mtchewwwwwwwww

annibro:
Yes oh! Proudly naija. Already ve mine.
U don't need 2 go about with multiple atm cards. U can access all ur accounts via the I'd card. But d disadvantage is if u misplace it. U can't get acess 2 any moni & d card is not a 1day tin like atm which some banks give immediately. Replacing a lost ID will weeks or more just as d case is now. So keep it safe!

is that pic your national id card?

I have not collected mine since 2yrs +

slimz10:
is that pic your national id card?

I have not collected mine since 2yrs +

Yes it is.
Pls go 2 wer u registered & complain. 2yrs is 2 long. Go wit d slip u wer given

666!!!

annibro:
Yes it is.
Pls go 2 wer u registered & complain. 2yrs is 2 long. Go wit d slip u wer given

Thanks.
I will do that.

slimz10:
Thanks.
I will do that.

Uwc.
U wer given 2 slips I guess. Go wit d 2 pls

annibro:
Uwc. U wer given 2 slips I guess. Go wit d 2 pls

yes. One contain the NIN number while the other looks like a photocopy.
Planning to do that before this month runs out.

mapet:
Madam,

I was surprised with your "Confused People" jibe initially, at the risk of lumping you with the "brain-fart" wailers. But your submission is spot on. In my days in IT, I remember one NCS conference where we had a rep from NIMC presented a paper on Identity Management, the house was unanimous in condeming the strategy of creating unnecessary redundancies (multiple databases that are not linked).

This approach could be a right step in righting the wrongs of the past. If we can premise our national identity on the two (BVN & Nation ID), then we can capture many people. The problem though is that we have many "unbanked" way more than 60% of the population. So we may have to include the GSM data registration

The unbanked population is also covered under the NIMC scheme, the prepaid payment capability on the card covers this