73.8m Bank Accounts Still Not Linked To BVN

The Nigeria Interbank Settlement System (NIBSS) says bank accounts not linked to Bank Verification Number (BVN) have reached 73.8 million,

Data from NIBSS indicates that out of the 128.4 million bank accounts in the country, 54.52 million accounts are linked to BVN as at May 1, this year.

This was an improvement from 47.54 million BVN-linked accounts position as at April 11, last year

The NIBSS data, however, fell short of the 100 million BVN-linked account target set by the Central Bank of Nigeria (CBN) for deposit money banks by year-end 2025.

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