•MPC keeps interest rate at 14%
The Central Bank of Nigeria (CBN) is probing banks’ enrollment of their customers in the Bank Verification (BVN) platform to ensure the integrity of the process, The Nation learnt yesterday.
The BVN gives a unique identity across the banking industry to each customer of Nigerian banks. But many banks are breaching the BVN enrolment process.
In some cases, customers BVNs are attached to wrong accounts due to improper validation. The practice, if not addressed, could present serious identity crisis in the financial system.
Besides, some banks are not…
Read More…..The Nation Newspapers
