Strategic Communication Committee (STRACOM) of the Presidential Amnesty Programme (PAP), has advised delegates with BVN related cases to remain calm as the adhoc verification committee of PAP has rectified about 700 cases, awaiting approval for payment, warning that any affected ex-agitator who joins any protest in respect of the BVN matter will be suspended from the programme.
This stern warning was handed down by the Director of Mobilisation of STRACOM, Comrade Tonye Bobo, in a chat with journalists on Saturday in Yenagoa, adding that the Interim Administrator of the Presidential Amnesty Programme, Maj. Gen. Barry Tariye Ndiomu (rtd) is doing everything possible to rectify all BVN related cases.
He hinted that the adhoc verification committee of PAP is working in accordance with the provisions of the regulatory framework put in place by the Central Bank of Nigeria for Bank (CBN) Bank Verification Number (BVN) operations and watch-list for the Nigerian Banking Industry, reiterating further that any breach of the act would incur serious sanctions and penalty on the part of any affected ex-agitator.
It will be recalled that the CBN, in collaboration with the Bankers’ Committee, deployed a centralised BVN System in February 2014.
This was part of the overall strategy of ensuring the effectiveness of Know Your Customer (KYC) principles, in a bid to promote safe, reliable and efficient payment system which gives each customer in the Nigerian banking industry a unique identifier number.
Consequently, in exercise of the powers conferred on the CBN, under the Central Bank of Nigeria Act, 2007 (CBN Act), and the Banks and Other Financial Institutions Act (BOFIA)2020, the CBN issued the revised Regulatory Framework for the BVN Operations and Watch-list for the Nigerian Banking Industry.
