๐ฐ News14 March 2026ยท2 min readยท
CBN Limits BVN Phone Number Changes to Once in a Lifetime to Combat Fraud
Source: techcabal
Nigeria's Central Bank (CBN) has introduced new restrictions on the Bank Verification Number (BVN) system, capping phone number changes linked to a BVN to just once in a lifetime. The policy is designed to curb identity fraud and SIM-swap-related financial crimes that have exploited the BVN system. The change affects all Nigerian bank customers and forms part of a broader CBN digital banking security overhaul announced in March 2026.
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