List of Blacklisted BVN In Nigeria 2023

AdminDecember 6, 2023

3 minutes read

Table of Contents

You may be aware that the Central Bank of Nigeria (CBN) has placed some bank verification numbers (BVN) on a blacklist.

What is BVN?

Each bank account holder in Nigeria is given a unique identifying number known as a BVN, or Bank Verification Number. It aids banks in their efforts to stop fraud and money laundering.

Your bank account has been associated with criminal conduct if your BVN is blacklisted. Other possibilities include fraud, money laundering, and financing for terrorism.

Why can a BVN be Blacklisted?

Your BVN may be blacklisted for a number of reasons. If you have a past-due debt with a financial institution, have been flagged for any fraudulent behavior, or have been included in the Central Bank of Nigeria’s watch list, your BVN may be blacklisted.

A history of money laundering, political exposure, or involvement in financing terrorism is a few additional factors that could lead to the blacklisting of your BVN.

Consequences of Having a Blacklisted BVN

If your BVN is blacklisted, the following are some of the consequences:

You will be unable to access your bank account or any other financial institution that accepts BVN as identification.
You will be unable to obtain a loan or obtain a credit card.
You will be unable to leave Nigeria.
You may have trouble finding work because most employers now require a BVN check.
Your name will be added to a blacklist of individuals, making it difficult for you to conduct business in Nigeria.

How to know if your BVN is Blacklisted

Here are a few methods for determining whether your BVN has been blacklisted.

To begin, go to the website of the Central Bank of Nigeria and look up the list of blacklisted individuals.

Use the following steps to verify on the CBN website

On the website of the Central Bank of Nigeria, click on the “Check Your BVN Status” link.
After that, enter your BVN into the text box and press the “Check” button.
If your BVN is blacklisted, you’ll see a message that says “Your BVN is blacklisted. Please visit any bank for further information. ”

Second, you can contact your bank and request a BVN check. This will tell you whether or not your name is on the blacklist.

Third, you can go to a commercial bank and request a BVN check.

Don’t be alarmed if your name appears on the blacklist! There are still options for getting money out of Nigeria. Simply speak with your bank about your options.

What to do if your BVN is blacklisted?

Here are some of the things to do when you discover your BVN is blacklisted

Ask for assistance from the Nigeria Inter-Bank Settlement System (NIBSS).
Contact your bank and ask them to assist you in having your BVN removed from the blacklist.
Request a white list status from the National Identity Management Commission (NIMC).
Obtain a clearance letter from the Economic and Financial Crimes Commission (EFCC).
Pay off all of your outstanding debts and bills.
Request a letter of removal from your bank (s).
Apply to the Presidential Committee on Verification and Clearing of Defaulters (PCVDC).

How Can I Prevent My BVN From Being Blacklisted?

Here are eight ways to avoid your BVN from being blacklisted

Check your account activity on a regular basis and report any suspicious activity to your bank.
Don’t give your BVN to anyone.
Do not use your BVN for online payments or shopping.
Maintain the privacy of your BVN information.
When making transactions, make sure to enter your BVN correctly.
Be cautious if you receive calls asking for your BVN information; they could be scammers.
Memorize your BVN so you don’t have to enter it every time you make a transaction.
Protect your phone with a strong password and anti-virus software to help prevent hackers from stealing your information.

Disclaimer

The information in this article was curated from online sources. NewsWireNGR or its editorial team cannot independently verify all details.