NIMC denies trending NIN App, links creation to fraudsters
The National Identity Management Commission (NIMC) has warned Nigerians to stay away from a fake app that claims to help link the National Identity Number (NIN) to SIM cards. NIMC, in a Twitter post on Monday, dissociated itself from the…
CBN heeds Heritage Bank boss thought on identity crisis, plans BVN upgrade
Barely few days after the Managing Director of Heritage Bank, Mr Ifie Sekibo raised an issue of urgent identity security importance; the Central Bank of Nigeria (CBN) has opened up on upgrading security of Bank Verification Number (BVN). Director of…
BVN has not been able to address issues around identity mgt—Heritage Bank
Managing Director and chief executive of Heritage Bank, Mr Ifie Sekibo , has opened up saying even though the Central Bank of Nigeria (CBN) introduced Bank Verification Number (BVN), in reality, has been able to create a form of identification…
Presidency agrees Jonathan did a lot but lacked corresponding political will
The Federal Government has agreed that former President Goodluck Jonathan really did a lot in changing the lives of Nigerians, but blamed him for not having a strong political will to implement Treasury Single Account (TSA) and Bank Verification Number…
BVN victims relieved as Judge reverses forfeiture ruling, blocks withdrawal
Relief is underway for millions of bank account holders’ especially rural dwellers and Nigerians in Diaspora as the federal High Court judge who had earlier granted an order for account forfeiture based on no availability of Bank Verification Number (BVN),…
FG saves N617.5b in 25 months of TSA, IPPIS—-Buhari
More strategic details are still emerging from Tuesday’s address of President Muhammadu Buhari while declaring open the 2017 e-Nigeria Conference organised by the National Information Technology Development Agency (NITDA) held at the International Conference Centre, Abuja. He revealed that his…
BVN: Diaspora remittances, financial inclusion may collapse if….
Analysts have started picking holes in the recent High Court order to commercial banks to freeze all accounts without Bank verification Number (BVN). According to them, the order if implemented will lead to massive drop in Diaspora remittances from Nigerians…
BVN: Rural bank customers’ with names mismatch most hit
Findings by Business Hilights investigations on the major victims of the court ruling ordering the freezing of all bank accounts without valid Bank Verification Number (BVN) have shown that most hit are rural dwellers who have issues with matching their…
BVN: Banks legal heads to meet today, study court order
Legal teams and company secretaries of all Deposit Money Banks (DMBs) in the country will today, Tuesday, begin a marathon emergency meeting to fashion out modalities to comply with a court order directing commercial banks to freeze bank accounts without…
Nigeria on average of one ATM to 3,556 customers—NIBSS Report
Latest report of the Nigeria Inter Bank Settlement System (NIBSS) accessed by Business Hilights has once again, exposed the inadequacies of Automated Teller Machines (ATM) deployed across the federation. According to the statistics, the number of ATM deployed in the…
