• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

Banks hand over details of customers with no BVN to CBN

Onome Ohwovoriole by Onome Ohwovoriole
November 13, 2017
in Business News, Company News
CBN, Gov Godiwn Emefiele, subsidy removal

Godwin Emefiele CBN Governor

Share on FacebookShare on TwitterShare on Linkedin

In an apparent move to comply with the court order obtained by the government, commercial banks in the country have handed over details of customers without Bank Verification Numbers (BVN) to the Central  Bank of Nigeria (CBN). A spokesman for FBN Holdings Mr Babatunde Lasaki and the Head of Corporate Communications for Skye Bank Rasheed Bolalinwa have confirmed this. The CBN is yet to publish a copy of the circular on its website.

The Federal Government had in October obtained a court order seeking the interim forefeiture of funds in bank accounts with no BVN or KYC documentation.  The government also obtained the approval to obtain details of any investments made by banks with these funds and to prevent any outward movement from the accounts. Several legal experts, financial analysts and the general public have criticised the order.

Appeal moves have begun

RelatedStories

CBN, forex

CBN flags spike in loan defaults, small businesses top defaulters in Q2 2025 

July 18, 2025
Musa Dangiwa,

FG to pilot 6-month training for 3,000 artisans in 10 construction trades across 3 states  

July 13, 2025

Despite complying with the order, the banks have begun moves to appeal the court order and have hired a lawyer to represent them. The banks have also sent messages to customers having issues with their BVN to come forward and regularize them.

 

 

 

 

 


Follow us for Breaking News and Market Intelligence.
Tags: BVNCBNFederal Government
Onome Ohwovoriole

Onome Ohwovoriole

Onome Ohwovoriole has a degree in Economics and Statistics from the University of Benin and prior to joining Nairametrics in December 2016 as Lead Analyst had stints in Publishing, Automobile Services, Entertainment and Leadership Training. He covers companies in the Nigerian corporate space, especially those listed on the Nigerian Stock Exchange (NSE). He also has a keen interest in new frontiers like Cryptocurrencies and Fintech. In his spare time, he loves to read books on finance, fiction as well as keep up with happenings in the world of international diplomacy. You can contact him via onome.ohwovoriole@nairametrics.com

Related Posts

CBN, forex
Economy

CBN flags spike in loan defaults, small businesses top defaulters in Q2 2025 

July 18, 2025
Musa Dangiwa,
Business News

FG to pilot 6-month training for 3,000 artisans in 10 construction trades across 3 states  

July 13, 2025
CBN, MPC
Financial Services

CBN opens application for Knowledge Acceleration Programme to shape future research priorities 

July 13, 2025
CBN, forex
Economy

June 2025 PMI: CBN warns of inflation as input costs outpace output prices

July 8, 2025
CBN, forex
Financial Services

CBN clarifies NRBVN charges, says BVN enrolment remains free for Nigerians in Nigeria 

July 7, 2025
CBN, forex
Breaking News

Court upholds CBN-backed NIBSS Authority to manage BVN Database nationwide 

July 4, 2025
Next Post
Canadian oil firm on fund drive for Nigerian oil block after Liberian exit

Canadian oil firm on fund drive for Nigerian oil block after Liberian exit

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

first bank








DUNS

Recent News

  • FG, Femi Otedola deny involvement in FirstHoldCo’s N323 billion share acquisition 
  • Appeal Court prohibits Human Rights Commission from entertaining Oil Spillage Complaints in Nigeria 
  • CBN flags spike in loan defaults, small businesses top defaulters in Q2 2025 

Follow us on social media:

Recent News

Buy, Sell or Hold – FirstHoldco?

FG, Femi Otedola deny involvement in FirstHoldCo’s N323 billion share acquisition 

July 18, 2025
FCT High Court, Benjamin Joseph, zinox

Appeal Court prohibits Human Rights Commission from entertaining Oil Spillage Complaints in Nigeria 

July 18, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics