Nigeria, July 8 -- The Central Bank of Nigeria (CBN) has clarified that Nigerians living in the country are not required to pay any fees to obtain a Bank Verification Number (BVN), following public concern over reports of fresh charges.
The clarification comes after online reports suggested that the central bank had introduced new or hidden fees for BVN registration. The CBN said such claims were misleading.
In a statement issued on Sunday, Hakama Sidi-Ali, acting director of corporate communications at the CBN, said the $50 charge mentioned in some reports applies only to Nigerians in the diaspora who enrol for the recently launched Non-Resident Bank Verification Number (NRBVN).
She explained that the charge is not a fee for the BVN its...