Business Nigeria: CBN to Transfer Control of BVN Database to NIMC

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LequteMan

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Following a directive from President Muhammadu Buhari, the Central Bank of Nigeria and the National Identity Management Commission are set to sign a Memorandum of Understanding for the takeover of the Bank Verification Number by the NIMC.

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Buhari had ordered that Ministries, Departments and Agencies of the Federal Government should hand over the different databases of Nigerians that they had developed in the course of discharging their mandates to the NIMC, the body mandated by law to manage the identity of Nigerian citizens and residents.

The NIMC had also opened discussions with the Independent National Electoral Commission for the takeover of the voters’ registration database.

It is expected that with the integration of the several databases, the country will have a central database that security agencies, credit agencies and other important stakeholders can refer to whenever they want to authenticate the identity of any individual.

Central in the new identity being promoted by the NIMC is the National Identity Number, a number unique to every individual on the database, which the commission claims to be more important than the national identity card that it has started issuing.

The General Manager, Corporate Communications, NIMC, Mr. Abdulhamid Umar, confirmed the development.

Speaking on the capacity of the NIMC to manage the disparate databases from different agencies, Umar said it had since acquired the capacity to warehouse and manage a database for 200 million people.


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