This clarification comes in response to recent speculations and reports suggesting that new charges had been introduced following the launch of the Non-Resident Bank Verification Number, NRBVN, platform for Nigerians abroad.

The Bank’s Acting Director of Corporate Communications, Hakama Sidi Ali, noted the fee mentioned in some media outlets is tied exclusively to the new NRBVN initiative.

The Director stated that the service was developed specifically for Nigerians living in the Diaspora, allowing them to obtain a BVN remotely without travelling back to Nigeria.

Ali explained that the NRBVN comes with a nominal charge of about $50.

She clarified that this amount is not a payment for obtaining a BVN itself but a recoverable processing cost that covers expenses related to remote biometric capture, secure identity verification, data handling and the technological systems needed to support the overseas enrolment process.