The Central Bank of Nigeria (CBN) says the 11 digit number Bank Verification Number (BVN) issued in Nigeria remains for life and has no expiry date, as reported by a national newspaper.

Its Acting-Director, Corporate Communications, Alhaji Isa Abdulmumin, who disclosed this in a statement yesterday, said that the claim was completely false and therefore advised bank customers to be guided, accordingly, as once a customer’s biometrics have been captured and enrolled in the database of NIBSS, the BVN remains for life.

However, the Regulatory Framework for BVN issued by the CBN in 2021 stipulates that customers can only change their records due to certain conditions spelt out in the document and after being cleared by relevant authorities.