CBN Restate Stance On BVN For Forex Transactions

By admin on

Share on facebook Yahoo mail icon Gmail icon

Views: 943


The CBN said that the Bank Verification Number, BVN, requirement for foreign exchange transaction, posed no security risk to the bank account of those purchasing foreign exchange.
 
Spokesman of the bank, Alhaji Ibrahim Ma’azu, said in a statement in Abuja, that the excuses by critics of the policy were unfounded and that the requirement would therefore stay.
 
The apex bank recently mandated all banks and licensed Bureau De Change (BDC) operating in the country to provide Bank Verification Number as part of the requirement for sale of foreign exchange to their customers.

 

Posted on November, 6 2015

Share on facebook Yahoo mail icon Gmail icon


You may also like...
Gunmen attack EFCC headquarters in Abuja

Pray for Gov. Ikpeazu to succeed, Rev. Umah...

FG assures Military of logistics for war on...

SOUTH EAST MOTHERS TO MEET OVER ‘BABY FACTORY’...

FG bows to pressure, Orders immediate separation of...

Ekwerenmadu applauds Atiku for his return to PDP...

How Abia is tackling outstanding teachers salary and...

Gombe CAN defends Dankwambo on Mbaka’s prediction

ISIL Claims Deadly Truck Bombing At Baghdad Market...

Grazing Bill: Imo legislator says bill dead on...

Flood: 3,000 farmlands, villages destroyed in C/River

BREAKING NEWS!!! Mayweather defeats Pacquiao by unanimous decision...
News Abia Election Special (3) Abia Supplementary Polls Update (18) Abia Supplementary Result update (22) Appointments (8) Breaking News (196) Business (42) Campus News (3) Crime (124) Economy (112) Education (127) Entertainment (148) Fashion and Style (3) General (830) Health (109) Inside Africa (40) International News (303) Interviews (28) National (1944) Politics (969) Press Releases (116) Religion (9) Security (127) Sports (431) Technology (24) World News (87)

 

 

Advertisement

 

Latest News Buhari approves Adamu as acting IG as Idris bows out today I’m also hungry, Amaechi tells Nigerians at campaign rally Management of Abia Bailout funds and Paris Club refunds; Oshiomhole is confused CJN's Trial is illegal, it’ll end in prosecutorial misadventure –Falana Saraki says FG’s haste to arraign CJN shows corruption war is compromised CJN’s trial: N’Delta militants threaten to shut down oil wells Ignore CCT summons, South-South govs tell CJN Wanted Orji Kalu seen at APC rally in Umuahia OPINION: Acho Obioma; Resist the temptation, No free money for criticizing Ikpeazu No Celebrity is a saint, don't push yourself to be friends with them - Actress Georgina Onuoha

 

Most Read Islamic agenda for Nigeria – Pastor Bosun (24,087 views) The show of shame that sealed Justice Uzokwe’s fate (17,580 views) 47 YEARS AFTER, HIS EXCELLENCY, COMMODORE EBITU UKIWE (Rtd) MAKES THE “OFO NDI IGBO” RECIPIENTS LIST (17,196 views) Breaking News : Dr Okezie Ikpeazu resigns from Abia State Environmental Sanitation Agency (ASEPA). (7,746 views) Lawyers accuse Lagos Police of working for PDP (7,388 views) Radio Biafra delivers AM Transmitter (7,162 views) ‘Why fuel scarcity persists’ (6,188 views) Abiriba Kingdom Celebrates as Eze Kalu Kalu Ogbu (IV) marks 14th year on the throne (5,845 views) Nurse Justina Obi Ejelonu, one of the nurses that contracted Ebola virus is dead!!! (5,800 views) Breaking News : 2015 - Abaribe withdraws from Abia guber race, backs Ikpeazu (5,576 views)