Introduction
The Affidavit of Correction of Name on BVN is an essential document for anyone facing banking challenges due to name mismatches.
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The Bank Verification Number (BVN) is a centralized biometric system, and if the name on the BVN does not match the name on a bank account or a national ID, transactions are often flagged and blocked.
Why is it needed?
This commonly happens when a woman marries and changes her name but forgets to update her BVN, or when there was a spelling error during the initial enrollment.
Since the Central Bank of Nigeria (CBN) mandates that all account names must correspond with the BVN details, this affidavit is the first step in the rectification process.
Procedure
The account holder swears the affidavit stating the wrong name currently on the BVN and the correct name that should appear.
This document is then presented to the customer service department of the bank where the BVN was originally enrolled.
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