BVN: Nigerians worldwide to access financial services back home more easily

CBN Governor, Mr. Olayemi Cardoso

By Kammonke Abam

The Central Bank of Nigeria (CBN), in collaboration with the Nigeria Inter-Bank Settlement System (NIBSS), has officially launched the Non-Resident Bank Verification Number (NRBVN) platform.

This innovative digital gateway, according to CBN Update, the official newsletter of the CBN; enables Nigerians in the diaspora to obtain a BVN remotely, eliminating the need for a physical presence in Nigeria.

Speaking at the event held recently in Abuja, the Central Bank Governor, Mr. Olayemi Cardoso, described the initiative as a milestone in Nigeria’s financial inclusion journey and a critical bridge connecting the country to its global citizens.

“For too long, many Nigerians abroad have faced difficulties accessing financial services at home due to physical verification requirements,” said the Governor. “The NRBVN changes that. Through secure digital verification and robust Know Your
Customer (KYC) processes, Nigerians worldwide should now be able to access financial services more easily
and affordably.”

The Governor emphasised that the NRBVN is a dynamic plattorm, “not the final destination, but the beginning of a broader journey.”