BVN

NERC approves electricity tariff hike for DisCos; UK recognises Nigeria’s classification of IPOB as a terrorist organisation | 5 Things That Should Matter Today

UK recognises Nigeria’s classification of IPOB as a terrorist organisation NERC approves electricity tariff hike for DisCos It is “becoming a drug trafficking transit and consumption hub” | CBN asks banks to avoid illicit transactions in Benin Republic SSANU, NASU commend Ngige’s efforts at resolving reasons for strike 73.8m bank accounts not linked to BVN... Read More

Benin Republic, BVN, electricity tariff hike, IPOB, NASU, SSANU

CBN

Wilfully defaulting on your loans is no longer an option, thanks to this new CBN directive

Nigeria has a serious debt problem. It is such a pervasive problem that families will not invest in the businesses of their family members, banks refuse to give loans without collateral and there is an unhealthy amount of distrust when it comes to financial matters. This has persisted largely because there were no instruments to... Read More

Counter Culture Blog

BVN, CBN, Defaulters, loan

November 7, 2017

The YNaija Cover this evening – the 7th of November

Follow the links to read the stories and analyses on YNaija: Police begin search for notorious armed robbers, cultists who escaped custody Nigeria saves N24bn monthly from TSA, BVN – Buhari Libya deports 149 Nigerians, 975 in five weeks

armed robbers, BVN, cultists, President Muhammadu Buhari, TSA, YNaija Cover

November 7, 2017

Nigeria saves N24bn monthly from TSA, BVN – Buhari

President Muhammadu Buhari on Tuesday said the establishment of treasury single account and the biometric verification number (BVN) saves Nigeria N24.7 billion monthly. Buhari said this at the National Information Technology Development Agency (NITDA) e-Nigeria Conference which held in Abuja. He cited TSA and BVN as ICT approaches that have had positive effects on the nation’s economy. Buhari... Read More

BVN, monthly, N24bn, President Muhammadu Buhari, TSA

November 2, 2017

Fear grips banks over November 3 deadline for BVN

A court order was given of which the deadline is tomorrow and, banks have been gripped with anxiety over fear of a major liquidity crisis. Let’s go back a little: Justice Dimgba Igwe of the Federal High Court, ruling on an ex parte application filed by the Federal Government through the Office of the Attorney-General of the Federation... Read More

Bank Verification Number, BVN, Nigerian banks

October 25, 2017

The Thread: 10 reasons why the court order on BVN is illegal

Over the weekend, the Attorney General of the Federation got a court order to seize all monies in accounts without BVN within 14 days. Senior Special Assistant to the President on Foreign Affairs and Diaspora, Abike Dabiri-Erewa has appealed to the Federal Government to extend the deadline for Nigerians in diaspora. But is this court... Read More

BVN, court orders, Malami, The Thread

October 25, 2017

Extend BVN deadline for Nigerians in diaspora – Buhari’s aide

Senior Special Assistant to the President on Foreign Affairs and Diaspora, Abike Dabiri-Erewa, has said Nigerians in diaspora should be given more time to obtain the bank verification number. Background: Justice Nnamdi Dimgba of the Federal High Court, Abuja had ordered 19 commercial banks to show cause within 14 days why the balances in such accounts should... Read More

Abike Dabiri-Erewa, BVN, deadline, diaspora, nigerians

September 27, 2017

The YNaija Tracklist: How corrupt officials are diverting loots to accounts without BVN – EFCC | What S’East governors will do to outlawed IPOB members – Umahi | More stories

From the papers this morning – a tracklist. No negotiation, until full payment of N2.1bn | LAUTECH ASUU says – YNaija Court flooded with ’17 suits’ over EFCC chairman Magu – YNaija How corrupt officials are diverting loots to accounts without BVN – EFCC – YNaija What S’East governors will do to outlawed IPOB members... Read More

BVN, David Umahi, EFCC, IPOB, LAUTECH, The YNaija Tracklist

September 27, 2017

How corrupt officials are diverting loots to accounts without BVN – EFCC

The Acting Chairman of the Economic and Financial Crimes Commission (EFCC) had said some banks are aiding corrupt officials to run accounts without Bank Verification Numbers. Magu said this on Tuesday at a workshop in Lagos organised by the Chartered Institute of Bankers of Nigeria. Magu, who was represented by the Head of Operations, Lagos Zonal... Read More

accounts, banks, BVN, corrupt ogficials, diverting, loots

February 7, 2017

Plateau sacks 579 workers

The Plateau government has removed 579 workers from its payroll. Disclosing this on Monday in Jos, during the state’s monthly briefing, the Commissioner for Information and Communication, Mr. Muhammad Nazif, said 478 of the employees were laid off for various offences. The remaining 101 who had stayed in service beyond their terminal dates, have been... Read More

579, audit, BVN, Muhammad Nazif, plateau, sack

November 21, 2016

Cheta Nwanze: Nigerian banks should be held for murder

by Cheta Nwanze This tweet, a few months ago, brought home to me, just how horrible Nigerian banks, and/or their staff, could be. Bank account details, are pieces of information that are so deeply personal, that in a civilised country, only an order from a Federal court can make those details to be divulged, even... Read More

armed robbers, Bank tellers, banks, BVN, Cheta Nwanze, death, Madam Omoigui, nigeria

Olusegun Adeniyi YNaija

Olusegun Adeniyi: When the ghosts go marching on

Because I know my readers very well, the expectation would most likely be that today, I will go after the PADDINGtons in the House of Representatives. But like my brother, Hon Femi Gbajabiamila, I believe it is better to maintain a “dignified silence” over that for now. Therefore, I have elected to be more adventurous... Read More

BVN, Ghost workers, Ibrahim Geidam, nigeria, Olusegun Adeniyi, The Verdict, yobe

You can now deposit cheques into savings accounts – CBN

If you have a savings account in any Nigerian bank, then the Central Bank of Nigeria just gave you the option to receive and deposit cheques directly into your account. This new instruction is one of four new guidelines released on Tuesday by the apex bank. Prior to this development, bank customers could only make... Read More

BVN, CBN, cheques, Godwin Emefiele, New guidelines, Savings accounts

FG to support state governments financially… but the conditions are strict

The federal government, on Tuesday, set out stringent fiscal conditions for states before they can access a conditional Budget Support Facility which is aimed at providing financial support to any of the 36 states facing financial difficulties. This was contained in a statement made available by the Ministry of Finance. The states can only access... Read More

bailout, BVN, economy, Finance, funds, IGR, Ministry of Finance, states

In Sokoto, ‘no BVN, no salary’ as from April

Sokoto state government has instructed all workers to submit their Bank Verification Numbers (BVN) before they would be paid salaries for the month of April. Imam Imam, spokesperson for Governor Aminu Tambuwal said on Sunday, that the decision is ‘part of efforts to sanitise the state civil service and permanently tackle the menace of ghost... Read More

BVN, salary, Sokoto

THE YNAIJA TRACKLIST: American found guilty of trying to join ISIS | No salary for workers without BVN in Kwara | More stories

DSS invasion Of Ekiti Assembly to be investigated – Senate. Leadership Why protesting women were flogged in Delta. Vanguard APC says Wike is responsible for Rivers killings. Punch Court tells Metuh he has a case to answer. Leadership Buhari scrapped NSC’s DG. Punch No salary for workers without BVN in Kwara. Leadership Rickey Tarfa, Nwobike... Read More

APC, Buhari, BVN, metuh, Rivers, tracklist, wike

Nyesom Wike's fate rests on the ruling of the Supreme Court | YNaija.com

February 18, 2016

Wike to civil servants: ‘No BVN, no salary’

Rivers governor, Nyesom Wike has informed the state’s civil servants not to expect salaries, if they fail to confirm their Bank Verification Numbers (BVN). Wike, on Thursday, said the directive, if adhered to, would ultimately enable the government determine the actual number of staff employed by the state. The governor made the disclosure at the... Read More

BVN, civil servant, Nyesom Wike, Rivers State

February 5, 2016

Salary payment scam: 23,306 ghost workers discovered on FG payroll [DETAILS]

About 23,306 names ghost workers have been discovered to be on the payroll of the Federal Government of Nigeria, in a well orchestrated salary payment scam. The fraudulent discovery was made by a team investigating multiple salary payments in the federal civil service. Following the adoption of the Bank Verification Number (BVN) platform for salary... Read More

Featured, The News Blog

BVN, Ghost workers, salary, scam

December 27, 2015

5 reasons why it’s a bad idea to ban use of ATM cards abroad – Ben Murray-Bruce

Senator Ben Murray-Bruce says the proposed ban on the use of Nigerian ATM cards abroad, will adversely affect average Nigerians, who have come to depend on it for various modes of foreign transactions. Murray-Bruce, advised the Central Bank of Nigeria and the Federal Government that ‘politically exposed people’ like himself should be stopped from using... Read More

abroad, atm, Ben Murray Bruce, BVN, CBN, nigeria

October 8, 2015

Sorry folks, BVN deadline isn’t going beyond October 31

So if you still done yours, you should now. The Central Bank of Nigeria has said that there is no going back on the October 31 deadline for bank customers to obtain their Bank Verification Numbers (BVN). This was reiterated by Dipo Fatokun, Director, Banking and Payment System Department (BPSD) of CBN on Wednesday in... Read More

BVN, deadline, oct 31

Nigerians in Diaspora reportedly asked to pay N10,000 for BVN registration

While Nigerians at home get to do their BVN registration free of charge, same cannot be said for those abroad. Nigerians in Diaspora, particularly in London, United Kingdom, have expressed frustration over the compulsory payment of £30 (about N10, 000) for the registration of the Bank Verification Number, as directed by the Central Bank of Nigeria.... Read More

$10, 000, BVN, outrage

CBN extends BVN registration deadline till…

The Central Bank of Nigeria, has extended the registration for the Bank Verification Number (BVN) till October 31, 2015. The BVN enrollment was earlier billed to expire on Tuesday, 30th June, 2015, but due to the millions of Nigerians that are yet to carry out the process, the CBN has pushed forward the deadline. The BVN, a... Read More

BVN, CBN, deadline extension, registration

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