Breaking News On New Bvn Policy (Central Bank of Nigeria)
The Central Bank of Nigeria (CBN) has introduced a strict new framework for Bank Verification Number (BVN) operations, with major changes taking effect on May 1, 2026. These rules shift Nigeria toward a "zero-trust" security model to combat rising digital fraud, specifically targeting SIM-swap scams and unauthorized account access. +3 Key BVN Rule Changes (Effective May 1, 2026) One-Time Phone Number Update: Customers can now only change the mobile number linked to their BVN once in their lifetime. 18+ Enrollment Limit: BVN registration is strictly restricted to individuals aged 18 and above. Minors must now operate accounts through guardian-managed structures. 24-Hour Fraud Watchlist: Banks can now place a BVN on a temporary watchlist for up to 24 hours if suspicious activity is detected, allowing time to verify transactions with the customer. Mandatory Liveness Checks: All new account openings and reactivations must include real-time liveness verification (selfie-bas...