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Regulatory Finality Or Rights Erosion? Reassessing The CBN’s One-Time Phone Number Update Rule Through The Lens Of Rectification And Proportionality

Regulatory Finality Or Rights Erosion? Reassessing The CBN’s One-Time Phone Number Update Rule Through The Lens Of Rectification And Proportionality

by Stren & Blan Partners | May 13, 2026 | Data Protection

The Bank Verification Number (“BVN”) has become a core layer of financial identity in Nigeria, and the phone number linked to it now does much more than enable communication. It is used for one-time passwords, transactions, alerts, account recovery, and authentication...
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