CBN: Nigerian Court Affirms NIBSS Authority to Manage BVN

CBN: Nigerian court affirms NIBSS authority to manage BVN

Nigeria’s Federal High Court in Abuja on Friday affirmed the authority of the Nigeria Inter-Bank Settlement System, NIBSS, to manage the Bank Verification Number, BVN, database across the country, in line with the Central Bank of Nigeria, CBN, Act and other relevant banking laws. This is according to a judgment delivered by Justice James Omotosho on Friday. NIBSS’s counsel, Wolemi Esan, Senior Advocate of Nigeria, and Kofo Abdulsalam-Alada, lead…

Court Affirms NIBSS as Custodian of BVN Database

By Dipo Olowookere The Nigeria Inter-Bank Settlement System (NIBSS) has been given the exclusive authority to manage the database of the Bank Verification Number (BVN). The company received this power at a Federal High Court sitting in Abuja on Friday after a judgement delivered by Justice James Omotosho. According to the judge, the NIBSS has […]

No Breach of Privacy — Court Declares NIBSS Exclusive Authority to Manage BVN Database

July 04, (THEWILL) — The Federal High Court in Abuja has affirmed the exclusive statutory authority of the Nigeria Inter-Bank Settlement System Plc (NIBSS) to maintain and manage the Bank Verification Number (BVN) database in Nigeria, in accordance with the provisions of the Central Bank of Nigeria (CBN) Act, 2007, and the Banks and Other […] The post No Breach of Privacy — Court Declares NIBSS Exclusive Authority to Manage BVN Database appeared…

Federal High Court Upholds NIBSS’s Legal Authority to Manage Nigeria’s BVN Database - TV360 Nigeria

The Federal High Court in Abuja on Friday affirmed the legality of the Nigeria Inter-Bank Settlement System Plc (NIBSS) in managing the Bank Verification Number (BVN) database nationwide, ruling that the operation aligns fully with the Central Bank of Nigeria (CBN) Act and other relevant banking laws. Justice James Omotosho delivered the judgment in a case involving NIBSS, the CBN, and the Incorporated Trustees of Digital Rights Lawyers Initiati…

Court affirms NIBSS’s legal authority to manage BVN database

The Federal High Court in Abuja has affirmed the statutory authority of the Nigeria Inter-Bank Settlement System Plc (NIBSS) to manage and maintain the Bank Verification Number (BVN) database across Nigeria. The court ruled that the operation of the BVN scheme by NIBSS does not violate any individual’s constitutional right to privacy and is fully backed by existing financial laws and regulations. Delivering judgment on Friday, Justice James Omot…

BREAKING: Court upholds CBN-backed NIBSS Authority to manage BVN Database nationwide

The Federal High Court in Abuja on Friday affirmed the legality of the Nigeria Inter-Bank Settlement System Plc’s (NIBSS) management of the Bank Verification Number (BVN) database across Nigeria, in line with the Central Bank of Nigeria (CBN) Act and other relevant banking laws.  The post BREAKING: Court upholds CBN-backed NIBSS Authority to manage BVN Database nationwide  appeared first on Nairametrics.