OPay, a financial services firm, has called on its customers to comply with the Central Bank of Nigeria’s directive by completing the regularization of their accounts.
Customers are required to link their Bank Verification Numbers (BVN) or National Identity Numbers (NIN) as mandated by the recent CBN directive to enhance account verification and compliance.
The CBN’s December 1 circular instructed deposit money banks to enforce a ‘Post no Debit’ restriction on accounts lacking BVN or NIN. Effective March 1, funded accounts without BVN will be subject to ‘Post No Debit or Credit’ status, prohibiting further transactions.
Additionally, existing Tier1 accounts without BVN or NIN will face similar restrictions until the account information update process is completed. The firm urges customers who have not yet completed the account information to do so.
Source: PUNCH