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Reps Summon CBN Governor Over BVN Disclosure

.. .Unregistered Sim Cards: Reps Investigates NCC, Telecom Operators


House of Representatives yesterday summoned the Central Bank Governor (CBN) Mr. Godwin Emefiele to appear before its commit­tee on Banking and Currency to explain to it why there is a directive by the CBN for Ni­gerians to disclose their Bank Verification Number (BVN) to every Bureau de Change upon transaction.

This resolution by the House followed a motion en­titled “motion against prolif­eration of Bank Verification Numbers” raised as an urgent matter of public importance and sponsored by Hon. Dan- buram Nuhu.

He noted that the effort of the CBN to stabilise foreign exchange market by making it compulsory for all Bureau de Change to have the BVN of all customers in the bid to stem money laundering will make financial records easily accessible to dubious people.

“All customers desiring foreign exchange through any channel would be forced to give their BVN to those with whom they are doing transactions (with).

“In this era of internet fraud, this will endanger our people’s hard earned money and cause even more prob­lems than it was meant to solve, “the law maker said.

The House adopted the motion after it was put to a voice vote and was presided over by the Deputy Speaker, Hon. Yusuff Lasun.

House of Representatives yesterday mandated its com­mittee on telecommunica­tions to investigate the extent of compliance by all telecom­munication companies oper­ating in the country.

On this note, the committee will query the Nigeria Com­munications Commission’s (NCC) role in allowing MTN and other operators to disre­gard a directive which will complement efforts to keep the nation safe and secure.



– Dyepkazah Shibayan, Abuja


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