The Central Bank has introduced new guidelines requiring all Bank Verification Numbers (BVN) to be linked to National Identification Numbers (NIN) and active SIM cards. Failure to complete this process will result in the deactivation of both bank accounts and mobile phone lines. The rules mandate that individuals verify their identities using NIN-linked biometric data before any banking or telecom service can remain active. This integration aims to tighten financial security and reduce fraud by ensuring that only verified individuals can access banking and mobile networks. All existing bank customers and mobile subscribers must comply with the new requirements by the deadline set by the Central Bank. The directive applies to both new and existing account and SIM card holders. Individuals who do not link their NIN to their BVN and mobile number risk losing access to financial transactions, mobile banking, and network services. The Central Bank has directed all financial institutions and telecommunications providers to enforce the policy without exception.
The Central Bank expects Nigerians to seamlessly link BVN, NIN, and SIM cards despite repeated network outages and inconsistent access to verification centers. Millions who already face daily hurdles in completing basic verification processes will bear the brunt of automatic deactivation. A policy this rigid, imposed without proof of nationwide readiness, risks shutting ordinary people out of essential services. The burden falls hardest on those the system has always failed the most.
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