- Account without BVN, NIN To be Placed on “Post no Debit” effective April 2024- CBN
- as NIMC suspends third-party agents from NIN registration
The Central Bank of Nigeria (CBN), said all bank accounts without BVN and NIN will be placed on “Post no Debit” effective April 2024.
This is coming on the hill of the National Identity Management Commission (NIMC) suspension of Front-End Partners (FEPs) from participating in National Identification Number (NIN) enrolments.
Abisoye Coker-Odusote, the Director-General of NIMC, disclosed this significant development during a four-day training session for the newly revalidated FEPs in Abuja.
Earlier, the Central Bank of Nigeria (CBN) disclosed that all the Bank Verification Number (BVN) or NIN attached to and/or associated with accounts or wallets must be electronically revalidated by January 31, 2024.
The suspension of the third-party service forms part of a broader revalidation exercise aimed at sanitizing the enrolment process and addressing outstanding debts owed to these third-party agents. Coker-Odusote emphasized that this initiative was not targeted at any specific group but was a necessary step towards ensuring data integrity within the country’s identity database.
According to the NIMC DG, the decision to suspend NIN enrolment activities at all FEP centers is a strategic move to conduct a thorough audit of the claims made by FEPs and to ensure compliance with
In 2020, NIMC initiated a comprehensive drive to expand the NIN database by licensing 203 agents nationwide. It included 73 private sector agents and 30 State Governments/public sector institutions to conduct enrolment of Nigerians and legal residents into the National Identity Database (NIDB) on behalf of NIMC.
This move saw the inclusion of key public sector institutions, notably the Nigerian Communications Commission (NCC), National Pension Commission, CBN (via Nigeria Inter-Bank Settlement Systems Plc), National Population Commission (NPC), Economic and Financial Crimes Commission (EFCC), Independent National Electoral Commission (INEC), Joint Tax Board, and Nigeria Postal Services.
Additionally, licenses were granted to several other public sector bodies, such as the Military Pensions Board, Abuja Enterprise Agency, Corporate Affairs Commission (CAC), National Health Insurance Scheme (NHIS), National Agricultural Extension and Research Liaison Services, and the National Commission for Refugees, Migrants, and Internally Displaced Persons.
Also, about three months prior, NIMC announced its intention to further extend the network of agents for NIN enrollment across the country.
As part of this expansion plan, the Commission released a notice inviting various organizations to express their interest in participating in this national endeavour.
The invitation was extended to a diverse range of entities, including Limited Liability Companies (LLCs), startup companies, Small and Medium Enterprises (SMEs), Civil Society Organizations (CSOs), and Non-Governmental Organizations (NGOs).
The criteria for consideration included a proven track record of successful performance in similar roles, to enhance the efficiency and reach of data collection and NIN issuance processes.
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