Loan apps cannot block BVN because they are not following the regulation of money lending in Nigeria and for that reason, they are not seen as registered microfinance banks or financial institutions in Nigeria.
Additionally, it is only the Central Bank of Nigeria (CBN), that has the power or authority to block an individual BVN.
And they can only do that if a registered bank in Nigeria reports an individual’s bank account once they suspect it of being involved in fraud or refusing to pay back an eligible loan.
Read the article below to discover more about why loan apps cannot block your BVN.
To answer the question how do I link a new number to my BVN? the first thing you have to do is simply send an email to the bank where you registered for your BVN number. The email address can be gotten from the bank’s official website or via their mobile app if you are using one.
However, if you do not have access to the above options, you need to visit the bank branch nearest to you.
Now when you reach the bank, let them know that you want to link a new number to your BVN.
As a matter of fact, you need to go with the following items:
- Scan and upload a copy of your ID card,
- The new phone number you want to link to your BVN,
- Your BVN number,
- Your name and
- Date of birth.
Let them know you wish to change your bank verification number or phone number.
You can read the article below for more information: