EFCC discloses 12,000 Youths ‘selling’ BVNs, NINs to fintechs for N5,000 in Nigeria

The Economic and Financial Crimes Commission (EFCC), on Friday, has disclosed that 12, 000 Nigerian youths residing across the country are selling personal information details of victims (including Bank Verification Numbers and NIN) to some Fintech Institutions allegedly for about N5000.   This was disclosed in a statement issued by the Commission on Friday.  …

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Court Slams Ecobank N10m Fine Over Fraudulent Use of BVN

High Court, sitting in Abakaliki, the state capital has ordered the Executive Chairman, Maize Growers, Processors and Marketers Association of Nigeria, Ebonyi State office and Eco Bank Plc to pay N10 million damages in favour of one Nzubechi Okoro for fraudulently using his bank details to obtain loan facility without his consent. Truetells Nigeria reports…

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3 Simple Ways To Link NIN and BVN To All Your Bank Accounts In Nigeria, Diaspora

3 simple ways to quickly link NIN and BVN to all your Bank Accounts In Nigeria and Diaspora can be accessed below.   Truetells Nigeria recalls that the Central Bank of Nigeria (CBN) instructed all bank customers to link their National Identification Number (NIN) and Bank Verification Number (BVN) to their bank account(s).   This Nigeria news platform…

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PalmPay Issues Final Notice to Users to Link their NIN, BVN

    Leading fintech company PalmPay has issued a final notice to its users to update their account with their National Identification Number (NIN) or Bank Verification Number (BVN) to prevent their PalmPay account from being restricted. Ahead of the Central Bank of Nigeria (CBN) deadline for account upgrade, PalmPay told its users that effective…

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BVN registration reaches 60.2m as January 31st deadline nears

Twenty-one days to the expiration of the Central Bank of Nigeria, CBN, deadline for all bank customers to have Bank Verification Number, BVN, the Nigerian Interbank Settlement System (NIBSS), registration data showed that over 60.2 million Nigerians now have a BVN. This represents an increase of over 2.6 percent from 58.7 million BVN registrations as…

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