NIMC Lists 7 Key Facts About Proposed New General Multipurpose National Identity Card

By Chris Udochukwu The National Identity Management Commission (NIMC) has listed seven key facts about the proposed new general multipurpose national identity card. According to the statement released via the Commission’s official X account listed the key facts thus:

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BVN Deadline: Over 60.2 million Nigerians Now Registered – NIBSS Data

By Chris Udochukwu Approximately twenty-one days to the expiration of the Central Bank of Nigeria’s (CBN) deadline for all bank customers to have Biometric Verification Number (BVN), the Nigerian Interbank Settlement System (NIBSS), registration data showed that over 60.2 million Nigerians now have a BVN. This represents an increase of over 2.6 percent from 58.7 million BVN registrations as of September 12 2023 before the apex bank’s directive. Precise Post recalls that in December 1st, 2023,  CBN directed commercial, merchant, non-interest, payment service banks, other financial institutions, and mobile money operators, through a circular that the BVN or National Identification Number, (NIN), attached to all accounts/wallets must be electronically revalidated by January 31, 2024. The circular said that effective March 1, 2024, all funded accounts or wallets without BVN or NIN shall be placed on ‘Post No Debit or Credit’ and no further transactions would be permitted. According to NIBSS electronic payment factsheet for 2021, the number of bank accounts in the country was 191.4 million, of which 57.9 million were inactive.  According to Enhancing Financial Innovation and Access (EFInA) …

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