NIBSS Wins Court Battle Over BVN Database Management
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币界网报道：NIBSS has secured a legal victory in a court case regarding the management of Nigeria's Bank Verification Number (BVN) database, affirming its authority over the system. The ruling dismissed claims challenging NIBSS's role as the sole custodian of BVN data, reinforcing its mandate to maintain and regulate the database. The decision ensures continued centralized oversight of the BVN system, which is critical for financial security and identity verification in Nigeria. The court emphasized NIBSS's compliance with data protection laws, safeguarding sensitive customer information. This outcome strengthens NIBSS's position in Nigeria's financial infrastructure amid ongoing digital transformation efforts.
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