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CBN links 43 million bank accounts in BVN project


The Central Bank of Nigeria (CBN) has captured no fewer than 31 million account customers in its Bank Verification Number (BVN) project aimed at ensuring unique identifier in the Nigerian banking industry.
CBN Director, Banking and Payment System, Mr Dipo Fatokun, disclosed this in a paper titled, ‘Nigeria’s progress towards the creation of a robust, trusted and inclusive Financial Services Environment’ delivered at the annual meeting of the ID4Africa movement on in Abuja.
Fatokun said the CBN had also linked a total of 43,959,282 banks accounts in the BVN project.
“To address the absence of a unique identifier in the Nigerian banking industry and to facilitate the creation of inclusive financial services environment.
“The CBN in collaboration with the Bankers’ Committee launched the BVN Project on Feb. 14, 2014, with biometric solution, as a unique identifier for all bank customers.
“The objectives includes the following: increase access, convenience, service levels across the industry; enable greater financial inclusion and integration of financial services into the economy, with its attendant positive impact on economic development,” he said.
Fatokun said the BVN was also targeted at promoting safe and sound financial system in the country.
He said that the BVN has helped in the provision of a unique identity for customers that impact other areas such as credit check, and non-repudiation of transactions.
According to him, the BVN has also helped to increase deterrent controls on financial transactions and reduce or mitigate fraud risk and identity theft.
“Most importantly, it has created avenues for people who cannot write regular signature to make financial transactions, thus, facilitating financial inclusion.
“As at December 2017, the implementation of the BVN Project recorded 31,426,091 registered BVNs and 43,959,282- accounts linked with BVN,’’ he said.
Fatokun explained that the BVN was part of the Federal Government’s strategy towards accelerating financial inclusion in the country.
“Nigeria launched its National Financial Inclusion Strategy in October 2012 with the goal of reducing the percentage adult Nigerians that are excluded from financial services from 46.3 per cent in 2010 to 20 per cent by 2020,” he said.
Fatokun added that a number of factors were identified as barriers to financial inclusion among Nigerians.
“The identified barriers to financial inclusion include lack of income, long distance to access points, lack of knowledge about financial services, high cost of services and cumbersome requirements for account opening.
“In order to achieve the set target, and to address the aforementioned barriers, different measures and initiatives were put in place by the CBN.
“To address the cumbersome documentation requirement for account opening, the CBN introduced the Three-tiered Know-Your-Customer (T-KYC) in 2013, which was modified in July 2016.
“The three-tiered KYC guideline allows individuals who may not meet the formal identification requirements and in banks to operate and enjoy banking services within defined thresholds.
“The simplification consists of lowering the account opening requirements and less-paper documentation in exchange for a lower threshold.
“The CBN T-KYC is one of the initiatives for improving financial inclusion in Nigeria to facilitate easy access to a broad range of formal financial services,” he said. (NAN)
News
‘If You Want It Dirty, You’ll Get It Dirty’, Benue Diaspora DG Escalates Threat Against National Record Reporter
By Our Reporter


The Editor-in-Chief of National Record, Iduh L. Onah, has raised alarm over what he described as ‘grave threats’ issued against one of the online newspaper’s reporters, Mr. Amos Aar, by the Director-General of the Benue State Directorate of Diaspora Linkages and Investments, Professor Abraham Tartenger Girgih.
In a letter dated June 25, 2025, addressed to Prof. Girgih and made available to the press, National Record condemned what it called “unwarranted threats” following the publication of a report on the funding challenges being faced by the Directorate under the DG’s leadership since its formation in 2024.
According to Onah, while the publication welcomes robust engagement in the form of rejoinders on stories perceived to contain among other things misinformation, misrepresentation or distortion, no one has the right to issue threats.
“While it is within your right to respond to perceived misinformation or misrepresentation and distortion or outright fabrication, in any publication, it is, however, beyond that right to issue a threat as grave as “dire consequences”, Onah stated.
The Editor-in-Chief further noted that the situation escalated after the publication of a follow-up report when Prof. Girgih called the correspondent and made what the paper considers to be a further threat.
“After the publication of the threat and other claims in your rejoinder, you again went ahead to issue what we deemed to be further grave threat when you stated: “…if you want it dirty, you will get it dirty”, among other words perceived as veiled threat, in a telephone conversation you had with our correspondent shortly after you may have read our follow-up report,” stated the Editor-in-Chief.
The management of National Record expressed deep concern for the safety of its correspondent and other staff, especially given the hostile tone of Prof. Girgih in his conversation with the reporter.
The media organization said it is taking steps to notify security agencies, the Benue State Government, and professional journalism bodies about the threats, while also demanding a written assurance from Prof. Girgih that no harm will befall Mr. Aar or any member of the newspaper’s staff.
“We demand from you a written assurance of Mr Aar’s safety from harm and that of our other staff, and a further commitment to desist from harassing, heckling, intimidating or bullying us in whatever manner,” Onah wrote.
While no official response had been received from Prof. Girgih as at press time, National Record expressed hope for civility going forward and reiterated its commitment to its constitutional mandate as a stakeholder in the Fourth Estate of the Realm.
The letter reads in full:
Professor Abaham Tartenger Girgih
The Director-General
Directorate of Diaspora Linkages and investments
Makurdi, Benue State.
Dear Prof. Girgih;
THREATS ON OUR PERSONNEL AND ORGANISATION
On behalf of the Management of Contest Communications Limited, publishers of National Record, I bring you warm fraternal greetings.
We wish to express our dismay and concern over your threat on our Benue State Correspondent, Mr Amos Aar, in particular, and generally, our entire organisation, as contained in your rejoinder to a report we had published on challenges being faced by the agency which you head.
While it is within your right to respond to perceived misinformation or misrepresentation and distortion or outright fabrication, in any publication, it is, however, beyond that right to issue a threat as grave as “dire consequences”.
After the publication of the threat and other claims in your rejoinder, you again went ahead to issue what we deemed to be further grave threat when you stated: “…if you want it dirty, you will get it dirty”, among other words perceived as veiled threat, in a telephone conversation you had with our correspondent shortly after you may have read our follow-up report.
While we intend to take steps to formally note these threats before the appropriate security agencies, the Benue State Government under which you are serving, as well as our professional organisations nationally; we wish to inform you that the life of our Benue State Correspondent, Amos Aar, and our entire personnel, remains insecure in the context of your threats.
In that regard, we demand from you a written assurance of Mr Aar’s safety from harm and that of our other staff, and a further commitment to desist from harassing, heckling, intimidating or bullying us in whatever manner from carrying out our constitutional mandate as key stakeholders in the Fourth Estate of the Realm.
As we look forward to relating with you in formal, civilised manner, and prompt action on our demands, please, accept the assurances of our esteemed regards.
Iduh L. Onah
Editor-in-Chief
National Record (https://nationalrecord.com.ng)
News
Gov Mbah Inaugurates Committee to End Gender-Based Violence in Enugu


The Enugu State government has inaugurated a steering committee to eliminate Gender-Based Violence, GBV, in the state, declaring zero tolerance for the social malaise.
The inauguration took place at the Government House Enugu.
The panel, which is chaired by the Commissioner for Children, Gender Affairs and Social Development, Mrs. Ngozi Enih, draws its membership from the Nigeria Police Force, Ministry of Agriculture and Agro Industrialisation, Ministry of Local Government, Rural Development and Chieftaincy Affairs, Ministry of Human Development and Poverty Reduction, Ministry of Trade, Investment and Industry, Ministry of Justice, Ministry of Health, Ministry of Education as well as the Civil Society.
Inaugurating the panel known as the Steering Committee for Strengthening Institutional and Community Responses to End Gender-Based Violence/Domestication of Enugu State Gender Policy using the Oputa Panel approach, Governor Peter Mbah restated his administration’s commitment to not bringing perpetrators of GBV to book, but also putting in place proactive measures – activities, infrastructure, and systems in place to prevent them.
Mbah, who was represented by the Secretary to the State Government, Prof. Chidiebere Onyia, said, “We take gender-based violence seriously. We have zero tolerance for it, and in Enugu State, we are ready to go the extra mile to deal with it.
“If you notice, the government has selected people that are very committed to this goal. This is not an activity where we just want to check-off the list. We will track this. We will monitor this, and we will have quarterly engagements on the successes that this particular committee has achieved in terms of reference that we are going to send.
“We will tighten those terms of reference indicators, so that we monitor what we are doing both in terms of cost input and the value added. It’s very important to us. Many people will be involved – civil society, the police and various ministries.”
He however, said that the effort was to protect everyone, men and women alike, as GBV was not restricted to any gender.
“The whole idea is to hold people responsible that are involved in matters relating to gender violence and deter people that by culture or by association get involved in that, protect women, protect our children, and in the case of violence against men, protect our men because most times we misconstrue gender violence to mean women, but it can also be men too.
“We encourage our men to speak out and to make sure they understand that the policy that Enugu State is soon going to domesticate is for everyone, and not only for the female gender,” he stated.
In her remark, Mrs. Enih, explained that the Oputa Panel approach was inspired by the need to cover all local peculiarities in domesticating the policy on GBV, restarting government’s confidence in the members of the panel.
“The approach we are going to use is the Oputa Panel approach, and in the Oputa Panel approach, we are going to tour the 17 Local Government Areas to get firsthand information about what our people are going through because policy is meant for the people, and a policy should suit the people.
“Again, every community has its peculiar problems, so that’s why the government decided that if we have to domesticate the gender policy, we have to hear from the people who own the policy and know the changes that they desire to see. That is the reason we are using this approach.
“The committee members are to also serve as judges. As we gather this information from our people, we will come back to tailor it in a way to suit the people of Enugu State, and then our policy is ready.
“We want the people to know that there is a gender policy for them. I can assure you that when the people are aware that there is such a policy, they will seek for the enforcement of that policy. So, this is not going to be one of those policies that will just lie on the shelf,” she said.


Digital solutions provider, Globacom, has congratulated Christians in Nigeria on this year’s Easter celebration, and urged them to emulate the noble qualities of Jesus Christ.
The company, in a goodwill message to the Christian faithful in the country, lauded their perseverance through the Lenten period which preceded Easter. It enjoined them to always promote the ideals of selflessness, love and peace among all as a way of demonstrating the virtues of the exemplary life of Jesus Christ.
“Peace, love and sacrifice are the central message of Easter. Christ offered himself in atonement for the sins of the world and he lived a life which made Him an eternal symbol of peace and goodwill for mankind”, Globacom added.
The company enjoined all Nigerians to share in the lessons of promoting selflessness, a necessary ingredient in the growth and development of every society. It also enjoined all Nigerians to join hands to make Nigeria a better place for all.
Easter is celebrated yearly at the end of the Lenten season of fasting and prayer considered as a ritual of purification for the Christian faithful. It also precedes the crucifixion of the Lord Jesus Christ on Good Friday and His eventual resurrection on Easter Sunday.
The company assured its customers of seamless voice, data and Short Messaging Service (SMS) during and after the Easter celebrations, while urging them to avail themselves of the various data and voice offerings on the network.