You may have heard that the Central Bank of Nigeria (CBN) has blocked some (BVN) bank verification numbers. So, what does this have to do with you and your financial situation?
If your BVN is blocked and you are blacklisted, you cannot access your bank account or conduct all financial transactions. This can be a big problem, mainly if you use your account to buy daily things.
However, It’s good to know that you can try a few things to know whether your BVN is on the blacklist and how to get it cleared of blacklisting. In this article, we’ll explain how to do both.
What is BVN?
Your BVN, known as the Bank Verification Number, is a unique identification number assigned to every bank account holder in Nigeria. Banks use it to fight fraud and the smuggling of money.
When your BVN is listed as blacklisted, it indicates the bank account is flagged for criminal activities. This could mean anything from money laundering, and fraud to financing terrorists.
If you suspect your BVN could be blacklisted, you must contact your bank immediately to get more details.
What Is Blacklisting?
What does it mean when your BVN is blacklisted?
In simple terms, it means it’s because your account at the bank has been blocked, and it isn’t possible to access your money. This could be due to many reasons; however, the most frequent scenario can occur when you cannot repay the loan.
Perhaps you are thinking of finding out whether your BVN has been banned. The easiest method is to look up your BVN database. It contains a list of all BVNs which have been banned in Nigeria. It is accessible via the website of the National Identity Management Commission.
If you notice your BVN is listed, Don’t panic. There are options to get it taken off. However, first, you have to be aware of the reasons the reason behind why your BVN was blocked initially.
How do you know whether your BVN is on the blacklist in Nigeria?
Are you worried that your BVN could be on the blacklist in Nigeria? Here are some ways to confirm:
In the first place, visit the Central Bank of Nigeria website and look through the list of individuals who are blacklisted.
You can also contact your bank and request that they conduct a BVN check. This will inform you whether your name is included on the blacklist.
Thirdly, you can visit a commercial bank and ask them to perform a BVN check on your behalf.
If you’re being listed on the blacklist, don’t be concerned! There are ways to transfer the money you have accumulated away from Nigeria. Talk to your bank regarding the alternatives open to you.
What Are the Consequences of Having a Blacklisted BVN?
If your BVN is listed as blacklisted, Here are the possible consequences you’ll be facing:
Then you won’t be able to access your banking account or the other institution that utilizes BVN as a means of identification.
There is no way to take out a loan or apply for credit cards.
There is no way to travel to other countries in Nigeria.
There is a chance that you’ll have trouble getting a job, as most employers require a BVN test.
Your name will be added to a list of people who are blacklisted, which could make it challenging to carry out any business in Nigeria.
How Can I Get My BVN Removed From the Blacklist?
Do you suspect your BVN is not being recognized, and you’d like to find out how to remove it from the list?
Seven methods to achieve this:
- Reach out to your local Nigeria Inter-Bank Settlement System (NIBSS) and ask for help.
- Make contact with your financial institution and request that they assist you in getting your BVN deleted from their blacklist.
- Visit the National Identity Management Commission (NIMC) and request a safelist status.
- Receive a clearance letter issued by the Economic and Financial Crimes Commission (EFCC).
- Make sure you pay all outstanding dues and bills.
- Request a notice of deportation by the bank(s).
- Apply to the Presidential Committee on Verification and Clearing of Defaulters (PCVDC).
Why BVN can be Blacklisted
There are a variety of reasons why your BVN might be blocked. If you’ve been cited for fraud, or in the middle of loans with any financial institution, or have been put on a watch list from the Central Bank of Nigeria, your BVN could be listed as blacklisted. Other reasons your BVN may be blacklisted are having a history of laundering money, being a politically vulnerable person, or being involved in financing terrorists.
If your BVN is listed as blacklisted, it will be challenging to establish an account at a bank, take a loan, or purchase a car. Traveling could also be problematic because your name could be listed in the security databases. If you believe your BVN might be blacklisted, you should contact your financial institution or the Central Bank of Nigeria to determine for sure.
How Can I Prevent My BVN From Being Blacklisted?
You do not wish for your BVN to be blacklisted, Do you? Below are the eight methods that you can stop it from being a reality:
- Make sure you monitor your account’s activity regularly and report any suspicious activity to your bank.
- Don’t divulge the details of your BVN or BVN with any other person.
- Do not make use of your BVN to pay online or for shopping.
- Make sure you keep your BVN information private.
- Check that you have entered your BVN correctly when you are making transactions.
- Be cautious when you receive calls from individuals seeking your BVN information. They could be fraudsters.
- Remember your BVN to ensure that you don’t need to enter it each time you complete an exchange.
- Ensure your phone is secured by using an effective password and installing anti-virus software to stop hackers from stealing your personal information.
How Do I Check if My BVN Is Blacklisted?
We’re here to assist if you want to tell whether your BVN is blocked. Follow these easy steps:
Go to first the Central Bank of Nigeria website and click on the “Check Your BVN Status” link.
Then, type your BVN in your text field and press”Check. “Check” icon.
If you’re BVN was blacklisted by the bank, you’ll receive an error message saying, “Your BVN is blacklisted. Visit any bank for more details. “
There you go! If you’re wondering about your BVN status, follow these easy steps, and you’ll be able to answer within minutes.
To Find out whether your BVN is listed as blacklisted in Nigeria.
The first step is to go to the central bank of Nigeria’s website and look for”BVN Status Checker. “BVN Status Checker.”
After that, type in your BVN and select “Check Status.”
If your BVN is blocked, you receive an email advising the user that their account was shut down.