Sunday, August 16, 2026

BVN not legal, will be replaced by NIN: Pantami

“BVN is a policy of a bank and has not been established by law. NIN is the only mandatory number.”

and • February 9, 2021
Isa Pantami
Minister of communications and digital economy, Isa Pantami (Credit: Twitter)

The Nigerian government says it has begun phasing out the bank verification numbers (BVN) introduced by the Central Bank in 2014.

The Minister of Communications and Digital Economy, Isa Pantami, said on Monday that a proposal for replacing the BVN with the national identification number (NIN) was forwarded to the National Economic Sustainability Committee.

Mr. Pantami explained that the BVN, a security measure implemented by the CBN to reduce illegal banking transactions in the country, was merely a bank policy without legal roots.

“BVN is a policy of a bank and has not been established by law. NIN is the only mandatory number, and the primary identification of our citizens and every other identification is secondary,” the Cable quoted the minister to have said during an inspection of the ongoing NIN enrolment exercise in Abuja.

“I made a presentation to National Economic Sustainability Committee, and I drew the attention of CBN governor that we need to replace BVN with NIN because the BVN is a bank policy while NIN is a law,” he added.

President Muhammadu Buhari’s regime had directed citizens to enrol for the NIN and link the number to their SIM cards or risk deactivation of their telephone lines.

The National Identity Management Commission (NIMC) Act 2007 mandates all Nigerians and permanent residents to have the NIN but is silent on linking the NIN to SIM registration data.

Citing the duplication of data, Nigerians queried why the CBN’s biometric identification system which carries nearly as much information as the NIN, was not used for the SIM integration.

“So this (the NIN) is the primary identification of all, and all other databases are supposed to utilise this and not for NIN to utilise the BVN because it is the primary one,” Mr. Pantami insisted.

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

farmers

Agriculture

FG tasks ECOWAS on leveraging financing strategies for agroecology

The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Katsina State

Politics

Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”

The Commissioner of Police, Mamman Giwa

States

Police detain 14 kidnap suspects in Enugu, recover arms

The command said the suspects have, during interrogation, confessed to their involvement in several recent and past kidnap incidents across Enugu State.

Centre for Democracy and Development

States

Osun guber poll recorded peaceful voting: CDD

The CDD said the election was generally peaceful, with some operational challenges.

INEC Photo (Credit: Punch Newspapers)

States

OsunDecides: INEC uploads 87.48% of election results to IReV

INEC has uploaded results from 3,292 of the 3,763 polling units to IReV.

DHQ

Heading 2

DHQ warns against fake posts after attempted X account breach

DHQ said it detected an attempted unauthorised compromise of its official X account.

Abdul’aziz Yari

States

Yari donates N163 million, assorted grains to Zamfara bandit attack victims

Mr Yari said the gesture aimed to provide succour to families of the deceased and victims.