The Federal Government has commenced plans to replace the Bank Verification Numbers (BVN) with the National Identity Numbers (NIN).

The Minister of Communications and Digital Economy, Dr. Isa Ali Pantami, who disclosed this to newsmen shortly after a tour of telecoms operators and NIN licenses in Abuja, said President Muhammadu Buhari has been briefed on the on-going NIN registrations.

Pantami, who said the president was happy with the conduct of the exercise so far, noted that he had also briefed the National Economic Sustainability Committee headed by Vice President Yemi Osinbajo on the imperative of replacing BVN with NIN.

Pantami argued that while BVN was only for account holders with various banks, the National Identity Numbers are for all Nigerians irrespective of their status.

Net /Babatunde Tiamiyu

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