Published Date : 8/14/2025Â
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Q: What is the National Identification Number (NIN) in Nigeria?
A: The National Identification Number (NIN) is a unique 11-digit number issued to every Nigerian citizen and legal resident by the National Identity Management Commission (NIMC). It serves as a primary means of identification for various transactions and services.
Q: What is the Bank Verification Number (BVN)?
A: The Bank Verification Number (BVN) is a unique 11-digit number assigned to each bank account holder in Nigeria. It is used to verify the identity of individuals for banking transactions and to prevent fraud.
Q: What risks are associated with the sale of NIN and BVN data?
A: The sale of NIN and BVN data poses significant risks, including identity theft, financial fraud, and the creation of fraudulent profiles. This can lead to unauthorized access to bank accounts, loss of funds, and other criminal activities.
Q: What measures has the NIMC taken to prevent data peddling?
A: The NIMC has taken several measures, including flagging websites involved in data harvesting, working with digital rights advocacy groups, and implementing stricter data protection policies to prevent the unauthorized sale and use of personal data.
Q: What is the role of the Economic and Financial Crimes Commission (EFCC) in this issue?
A: The Economic and Financial Crimes Commission (EFCC) plays a crucial role in investigating and prosecuting cases of financial fraud, including those involving the sale of stolen NIN and BVN data. They work to raise awareness and take legal action against individuals and entities involved in such activities.Â