Connect with us

News

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

Published

on

451 Views

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.

News

IGP Disu Wears New DIGs Insignia

Disu, during the ceremony today urged the new Deputy Inspectors-General of Police to uphold discipline, integrity and professionalism in the discharge of their duties.

Published

on

By

21 Views

• IGP Tunji Disu

The Inspector-General of Police, Olatunji Disu has decorated the newly promoted senior officers at the Nigeria Police Force Headquarters in Abuja .

Disu, during the ceremony today urged the new Deputy Inspectors-General of Police to uphold discipline, integrity and professionalism in the discharge of their duties.

He said the elevation to the rank of Deputy Inspector-General of Police was not merely the wearing of new insignia but a recognition of years of dedicated service and a call to greater responsibility in the leadership of the force.

Disu emphasised that the rank represents one of the highest levels of professional trust within the police and demands wisdom, courage and a strong commitment to justice and service.

Continue Reading

News

BREAKING: Court of Appeal Upholds Federal High Court Ruling Halting PDP’s Ibadan National Convention

Published

on

30 Views

In a major ruling that deepens the ongoing leadership crisis in Nigeria’s main opposition party, the Court of Appeal in Abuja has affirmed the decision of the Federal High Court restraining the Peoples Democratic Party (PDP) from proceeding with its controversial National Convention held in Ibadan, Oyo State, on November 15-16, 2025.

A three-member panel of the appellate court, led by Justice Mohammed Danjuma, delivered a unanimous judgment on Monday dismissing the appeal filed by the Tanimu Turaki-led faction of the PDP.

The court upheld the October 31, 2025, ruling by Justice James Omotosho of the Federal High Court, which barred the Independent National Electoral Commission (INEC) from recognizing, validating, or accepting the outcome of the Ibadan convention.

The Appeal Court held that the PDP’s decision to proceed with the convention violated key provisions of the Nigerian Constitution, the Electoral Act, INEC’s guidelines on party primaries and conventions, and the PDP’s own Constitution.

It emphasized that the Federal High Court’s intervention was justified to prevent illegality and to protect the rights of excluded delegates from over 14 states where congresses had not yet been conducted.

The panel further criticized INEC for failing to adequately monitor the party’s processes as required by law. In a related aspect of the judgment, a fine of ₦2 million was imposed on the Turaki-led faction.

Rejecting arguments from the appellants that the matter was purely an intra-party affair outside judicial jurisdiction, the Court of Appeal ruled that violations of constitutional provisions, the Electoral Act, or a political party’s constitution confer jurisdiction on the courts.

This decision marks the first in a series of nine consolidated appeals stemming from the PDP’s protracted internal crisis, which pits the Turaki faction against a rival caretaker leadership aligned with FCT Minister Nyesom Wike and headed by Abdulrahman Mohammed.

The appeals challenge multiple Federal High Court rulings that halted the Ibadan convention and recognized the caretaker committee.

The ruling represents a significant victory for the Wike-aligned faction and could have far-reaching implications for the PDP’s leadership structure, upcoming elections, and INEC’s recognition of the party’s national officers.

Further judgments in the remaining appeals are expected later today or in the coming days as the Court of Appeal continues its sittings on the consolidated cases.

The PDP has yet to issue an official reaction, though sources indicate the Turaki faction may pursue further appeals to the Supreme Court.

Continue Reading

News

IWD: My greatest investments are my three daughters – Otedola

Tolani is a singer, Florence a renowned disc jockey and Temi is an actress and fashion blogger.

Published

on

By

34 Views

“My greatest investments are my three daughters who make me proud every day. Happy International Women’s Day my angels,” wrote the billionaire businessman, Femi Otedola.

His three daughters are Tolani, Florence (DJ Cuppy) and Temi.

The Chairman of First Holdco Plc stated this in an X post on Sunday to commemorate International Women’s Day.

The billionaire’s daughters are high flyers in various areas of personal endeavour. Tolani is a singer, Florence a renowned disc jockey and Temi is an actress and fashion blogger.

Continue Reading

Trending