Customers To Provide National Identity Number At Banks – CBN

The Central Bank of Nigeria, CBN, yesterday, imposed fresh condition for owning a bank account saying that from January 8, 2013, the National Identity Number, NIN, would be criteria for owning and operating a bank account in the country.

To this effect, from September 1 this year,  CBN in conjunction with the National Identity Management Commission, NIMC, and the Nigeria Interbank Settlement System, NIBSS, would commence  a three months  enrollment exercise for all  existing banks’ customers to capture their biometrics and issue  to them NIN as well as a General Purpose Identity Card.

This was announced via a circular to all deposit money banks, microfinance banks and primary mortgage institutions, PMIs, on the use of the National Identity Number, NIN, for the Know Your Customer, KYC, verification.