The BVN was introduced to uniquely identify customers of Nigerian banks.
Since its introduction, the BVN has become an important requirement for opening and maintaining bank accounts in the country. meaning if you do not have a BVN, you cannot open an account with a bank or any financial institution.
Do we have Nigerians who don’t have bank accounts?
In this episode of our Daily podcast, we look at why some Nigerians don’t have bank accounts and what it means for the Nigerian financial sector.