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FAKE NEWS ALERT: No Expiry Date for BVN, Valid for Lifetime – CBN

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The Central Bank of Nigeria (CBN) yesterday clarified that the Bank Verification Number (BVN) issued by the bank in collaboration with the Nigeria Inter Bank Settlement System (NIBSS) and has no expiry date.

The central bank’s explanation came against the backdrop of misleading reports in a viral video suggesting that the BVN would expire after a 10- year period.

However, in a statement yesterday, CBN acting Director, Corporate Communications Department, Dr. Isa AbdulMumin,  said “Once a customer’s biometrics have been captured and enrolled in the database of NIBSS, the BVN remains for life.”

AbdulMumin,  further clarified that the Regulatory Framework for BVN issued by the CBN in 2021 stipulates that customers can only change their records due to certain conditions spelt out in the document and after being cleared by relevant authorities

The apex bank, therefore, urged customers in the country, especially those whose biometrics had been captured by the system, to continue using their unique identifiers as they last their entire lifetime. 

The apex bank in collaboration with the Bankers’ Committee, deployed a centralised Bank Verification Number (BVN) System in February 2014.

This was part of the overall strategy of ensuring effectiveness of Know Your Customer (KYC) principles, and promotion of safe, reliable and efficient payments system.

The BVN system gives each customer in the Nigerian banking industry, a unique identifier number.

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Awujale stool: Protest rocks Ijebu Ode over imposition plots

The protesters marched through Awujale Palace Road on their way to the Ijebu Ode Local Government Secretariat to register their displeasure over the development.

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• Awujale stool protesters, Friday 23 January, 2026.

A peaceful protest broke out on Friday in Ijebu Ode over alleged plans to impose the next Awujale of Ijebuland.

The protesters marched through Awujale Palace Road on their way to the Ijebu Ode Local Government Secretariat to register their displeasure over the development.

Earlier, the Ogun State Government, on Tuesday, in a statement signed by the Commissioner for Local Government and Chieftaincy Affairs, Ganiyu Hamzat, halted the Awujale selection process following a flood of petitions received from security agencies and other stakeholders.

The nominees for the stool were mandated to report to the Department of States Security (DSS) office in Ogun State.

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Miscreants Attack Lekki Palm Estate

Residents have called on relevant authorities to swiftly address the matter and ensure the continued safety of lives and property within the estate.

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Tension gripped Lekki Palm Estate on Thursday morning following an attack by a group of suspected miscreants who claimed they were acting on the directives of the Oba of Lagos, Oba Rilwan Akiolu, and Oba Olumegbo.

Eyewitnesses said that the individuals stormed the estate and invoked the monarchs name while carrying out their actions, a development that immediately caused panic and concern among residents.

As at the time of filing this report, the claim that the group was sent by the Oba’s could not be independently verified.

Efforts to obtain clarification from official palace sources were still ongoing.

The situation attracted the prompt response of security operatives, with officers of the Lagos State Police Command arrested some of the suspects.

Police authorities have since launched investigations to determine the circumstances surrounding the incident and the authenticity of the claims made by those involved.

Residents have called on relevant authorities to swiftly address the matter and ensure the continued safety of lives and property within the estate.

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Rivers Chief Judge : “Why I Can’t set up Fubara ‘s probe panel”

The Rivers State House of Assembly had requested that Amadi set up a seven-member panel to probe Fubara and his deputy, Ngozi Odu, over allegations of gross misconduct.

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The Chief Judge of Rivers State, Justice Simeon Amadi, has declined to set up a judicial panel to investigate Governor Siminalayi Fubara, citing a court order.

The Rivers State House of Assembly had requested that Amadi set up a seven-member panel to probe Fubara and his deputy, Ngozi Odu, over allegations of gross misconduct.

However, in a letter dated January 20, and addressed to the Speaker of the House, Martins Amaewhule, the chief judge cited two court orders barring him from receiving, forwarding, or considering any requests to form such a panel.

The judge stated that the orders were served on his office on January 16, 2026 and remain in force.

The chief judge emphasised that constitutionalism and the rule of law require all authorities to obey subsisting court orders, irrespective of their perception of the orders’ validity.

He referenced legal precedents, noting that in a similar case in 2007, the Chief Judge of Kwara State was condemned for ignoring a restraining court order when setting up an investigative panel, a decision later voided by the Court of Appeal

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