CBN: Nigerian court affirms NIBSS authority to manage BVN
[NigerianEye - Nigeria] - 4/07/2025
Nigeria’s Federal High Court in Abuja on Friday affirmed the authority of the Nigeria Inter-Bank Settlement System, NIBSS, to manage the Bank Verification Number, BVN, database across the country, in line with the Central Bank of Nigeria, CBN, Act and other relevant banking laws. This is according to a judgment delivered by Justice James Omotosho on Friday. NIBSS’s counsel, Wolemi Esan, Senior Advocate of Nigeria, and Kofo Abdulsalam-Alada, lead counsel for the CBN, among others, had sought a restraining order to prevent any institution in Nigeria from challenging the agency’s statutory (…)
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