News
FAKE NEWS ALERT: No Expiry Date for BVN, Valid for Lifetime – CBN
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
Albert Horsfall, Ex-SSS Director-General dies
“Details of funeral arrangements and other related activities will be communicated in due course.”
A former Director-General of the State Security Service and pioneer Director-General of the National Intelligence Agency, Albert Horsfall, has passed on.
Horsfall’s death was announced in a statement released on Friday, signed by his son, Donald Horsfall, and obtained by our correspondent.
According to the statement, the transition of the elder statesman and great son of Rivers State occurred peacefully, describing him as a “beloved patriarch.”
While the family mourns his death, the statement said they would be comforted by the extraordinary life he lived and the indelible mark he left on the sands of time.
“Details of funeral arrangements and other related activities will be communicated in due course,” it added.
News
US delivers military equipment to Nigeria
The US Africa Command (AFRICOM), in a statement on its website on Thursday, said the equipment was delivered in September through a US Air Force C-17 aircraft.
The United States has delivered military equipment to the Nigerian Air Force in Lagos and Kainji, Niger State, to support counterterrorism operations.
The US Africa Command (AFRICOM), in a statement on its website on Thursday, said the equipment was delivered in September through a US Air Force C-17 aircraft.
According to the command, the delivery was part of a foreign military sales agreement between the United States and Nigerian militaries.
“The delivery furthers the strategic partnership between the two nations in order to enhance Nigerian-led efforts to counter terrorism in the region.
U.S. military support to the Armed Forces of Nigeria is by its invitation and rooted in respect for Nigerian sovereignty,” AFRICOM said.
News
FG scraps data charges for students, plans internet restrictions to under 16s
The initiatives were unveiled by the Minister of Education, Dr Tunji Alausa, under the Initiative for Zero-Rated Access to Educational Platforms and Content in Nigeria.
The Federal Ministry of Education on Thursday announced the removal of data costs to allow millions of Nigerian students to access approved educational platforms without paying for internet data.
It also disclosed plans to regulate internet access for children below 16 years.
The initiatives were unveiled by the Minister of Education, Dr Tunji Alausa, under the Initiative for Zero-Rated Access to Educational Platforms and Content in Nigeria.
The minister, who spoke at the launch of the initiative, said the initiative formed part of the digital transformation component of President Bola Ahmed Tinubu’s Renewed Hope Agenda, being implemented through the Nigeria Education Sector Renewal Initiative.
According to him, government was determined to ensure that the cost of internet connectivity no longer determined which Nigerian child could access quality educational resources.
He explained that the initiative was not merely about providing connectivity but about ensuring that learning remained within the reach of children who could otherwise be shut out because of the cost of data
Regarding the planned regulation of internet access for every child below 16 years, the minister cited growing concerns over cyberattacks and other threats associated with children’s increasing exposure to digital platforms.
“At some point, there would be regulated internet access for every child below the age of 16 years as part of measures to strengthen online child protection,” the minister said.
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