In February, 2014, The Central Bank of Nigeria (CBN), in collaboration with the Bankers Committee, proactively embarked upon the deployment of a centralized Bank Verification System and launched the BVN with the primary aim of protecting customers' banking transactions in Nigeria.

How The BVN Works

A Bank Verification Number (BVN) offers the verification and validation of the customers’ identity seamlessly across multiple and interoperable electronic platforms.
The BVN database is searched to display relevant information about an individual. Information ranging from the names to the addresses, date of birth and even phone numbers.

How to Start BVN Registration Business

Do you know that you can earn a living from helping new banking customers set up accounts in their respective banks? As you proceed, we'd be tutoring you on how to get a license to start helping new customers set up their BVNs and accounts.

Requirements for Starting a BVN Registration Business in Nigeria

Below are the requirements for starting a BVN registration business in Nigeria:
• Ability to read and write fluently
• A mobile phone or computer system
• A valid means of identification, ie; Government issued ID like the national ID card, voter's card or international passport
• Proof of residence, ie utility bill, tenancy agreement, property title, etc.
• You'll be required to present a passport-sized photograph
• You must have an existing business outlet or provide evidence of membership of a trade association
• You could be asked to present your account statement of financial account detail
• Last but not least, you might be asked to pay a start-up capital.

Steps to Starting a BVN Registration Business in Nigeria

Below are the steps to follow when starting a BVN registration business in Nigeria:
• Visit the bank you wish to become an agent
• Approach a customer service agent
• Let him/her know of your interest in becoming an agent of the bank
• S/he'll give you a form to fill
• Fill and submit the form with the correct info. Also, remember to provide the required documents
• You'll be notified of the next step to take via phone or email once your request has been received.

What are the functions of a Banking Agent?