Cash Shortage Hits Banks, Customers Rush For Bvn/Nin Revalidation

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Huge crowd besieged banking halls as customers moved to link their Bank Verification Numbers and National Identity Numbers to their bank accounts.

This followed the new directive of the banking regulator to the banks on Friday, to bar customers who were yet to link their BVN and NIN from having access to their accounts.

The deadline for the link of bvn and nin to every citizens account is slated for March 1, 2024, after which all funded accounts or wallets shall be placed on ‘Post no debit or credit’ and no further transactions permitted On said accounts.