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FG Vows to Terminate Amnesty Programme Agitators Who Protest Over BVN

BVN

As the ad hoc verification committee has resolved over 750 cases waiting for clearance for payment, the Presidential Amnesty Programme, PAP, has asked delegates with Bank Verification Number, (BVN)-related cases to maintain their composure.

PAP issued a warning that any impacted ex-agitator who participates in a protest against the exercise would have their participation in the programme terminated.

In a chat with journalists over the weekend, Comrade Tonye Bobo, Director of Mobilization Strategic Communication Committee (STRACOM) of PAP, issued the warning and said that Maj. Gen. Barry Tariye Ndiomu, Interim Administrator of the Presidential Amnesty Programme, was making every effort to resolve all BVN-related cases.

Comrade Bobo said, “the adhoc verification committee is working in accordance with the provisions of the regulatory framework put in place by the Central Bank of Nigeria for operations and Watch-list for the Nigerian Banking Industry.

“Any breach of the act would incur serious sanctions and penalties on the part of any affected ex-agitator,” he cautioned.

You can read more of such stories at The Cheer News.

CBN Bars BVN Violators From Opening Another Bank Accounts

 FG Set To Replace Your BVN With NIN

It’s Illegal For AGF To Request For Our BVN – ASUU

Recall that the Central Bank of Nigeria, CBN, in collaboration with the Bankers’ Committee, deployed a centralised Bank Verification Number, BVN, System in February 2014.

This was part of the overall strategy of ensuring the effectiveness of Know Your Customer, KYC, principles, in a bid to promote safe, reliable and efficient payment system which gives each customer in the Nigerian banking industry a unique identifier number.

“The BVN system is to address increasing incidence of frauds and to enhance public confidence in the banking industry. This Framework, without prejudice to existing laws, is a guide for the operations of the Watch-list in the Financial System.

“The Watch-list is a database of customers identified by their BVNs, who have been involved in confirmed cases of breaches, as defined within the framework,” he said.

This process is aimed at using BVN to deter, detect, and mitigate the risks of fraud in the banking industry, and every customer is meant to have a personal BVN number linked to his or her bank account.

You can read more of such stories at The Cheer News and  Credible News

 

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