ACCESSING BVN INFO NOW THROUGH COURT ORDER---CBN

The Central Bank of Nigeria has directed all finance institutions operating within the framework of the Bank Verification Number (BVN) not to grant access to any BVN information without a valid court order.

According to a circular to this effect dated July 4 2018 and posted on CBN website July 10, the framework for the BVN operations has been amended with immediate effect.

The circular was signed by CBN director of banking and payments, Dipo Fatokun and states that section 1.6 of the framework issued October 18, last year has been amended to provide for the compulsory court order.

According to the circular, the section originally read in part: "..The following entities may have access to BVN information subject to the approval of the CBN".

It is not to read: " The following entities may have access to BVN information after providing valid court order, subject to approval of the CBN ".