BVN change of name in Nigerian bank accounts. BVN issues are very common in today’s banking as it affects Nigeria in particular, the federal government of Nigeria had through the Central Bank of Nigeria CBN, mandated all bank account holders to adopt and get registered on the BVN platform.

The bank Verification Number commonly referred to as BVN is a biometric identification system implemented by the Central Bank of Nigeria to curb/reduce illegal banking transactions in Nigeria, as well a modern security measure in line with the Central Bank of Nigeria Act 1958 to reduce fraud in the banking system.

WHAT COULD NECESSITATE BVN CHANGE OF NAME?

. Irregular names in account

. Wrong date of birth.

. As a result of marriage.

. Irregular names in account:This is a scenario where an account user has varying names in different accounts, being that the essence of BVN is to unite all accounts owned by a customer with a single name pattern, thus the need to change names to a more desired uniform approach.

Example: If say Mr Okafor Enest Kingsley has a savings account with Bank A in the aforementioned name, then operates another account with Bank B as Okafor Kenneth Kingsley. He might had possibly done his BVN with bank A in the name order Okafor Enest Kingsley.

It’s a matter of necessity for him to take his BVN to bank B for possible link up in his account, CBN’s provision is that the names at different banks must maintain a single profile, that being said you then observed that the name Okafor Enest Kingsley with bank A does not really matched with Okafor Kenneth Kingsley in Bank B. This will certainly mean that there must be a BNV name change to have a successful BVN link up to the account.

This approach was adopted to reduce fraudulent transactions by customers who present different names at different banks to carry out whatsoever transaction.

. Wrong date of birth: It has been observed that account users either intentionally or mistakenly provide false date of birth during account opening, this usually go a long way to affect such customers when the need to link their BVN’s arise. It’s hereby pertinent to pay attention to details while opening accounts.

. As a result of marriage: This often times occurs when a lady gets married and probably starts bearing her husband’s name. Some things have changed. Her surname name will have to be change to that of her husband. She might go ahead to open an account with the new name in a separate bank other than where she had her pioneer account. She will not be able to link up her BVN to such account because of irregular name, thus BVN change of name becomes necessary.

However, if you have any of these problems listed above there’s a solution to it. I know you might have been denied access to your funds at different times and I imagined the boiling rage in you at those times.

Here’s a way out. You will need to do the following to effect BVN change of name

. Do a newspaper publication with the correct name accompanied by an affidavit:This is usually applicable to the male folk and single ladies who carelessly used varying names at different banks for account opening. Go to a court of competent jurisdiction and get an affidavit with the preferred name, the name should be published on a national daily then get a copy of that publication for bank consumption. That’s all.

.Marriage certificate and newspaper publication: This category is strictly for married ladies who would had stopped using their father’s name and have adopted their husband’s name in account opening. In cases like this you are required to provide your marriage certificate bearing the now preferred name and an already newspaper published copy. They could require an ID card at some cases.

We have another scenario mentioned above which could involve date of birth. In a case where a wrong date of birth is being captured while filling account opening package, BVN cannot be linked to such accounts provided another account exists in another bank with a different date of birth which gives birth to the available BVN.

. Affidavit and ID card with the correct date of birth: You are required to produce an affidavit and ID card with the correct date of birth as mentioned above to effect the process.

For the whole cases mentioned above, you will as well be given a customer information update form to fill. Upon successful completion of the requirements the BVN change of name will be completed within 24hrs of submission.

Are there further questions you need clarity for on this topic or other banking related issues, use the comment box below. Kindly help share this post to wider audience to read and benefit from it as well.

https://financengr.com/bvn-change-of-name-in-nigerian-bank-accounts/