The Central Bank of Nigeria has stated that violators will be sanctioned. This was disclosed in a circular titled "Revised Regulatory Framework for Bank Verification Number Operations."

The circular listed watch-list stakeholders to include the Central Bank of Nigeria, NIBSS (Nigerian Interbank Settlement System) banks and other financial institutions. It also explained that this is not an exhaustive list but simply a starting point for anyone who wants something more specific when it comes time make purchases or investments with their money!

The CBN has announced that it will ensure all operated accounts/wallets (except Tier 1) are linked with the signatories’ BVNs within 24 hours of NIBSS making this available.

The following infractions by participants shall attract appropriate penalties: misuse of the watch-listing process for victimisation; improper linking between multiple users' bank account or wallet information in one single instance (except during initial registration), and other violations as determined by CBN

This framework states that mobile money operators must enroll all wallet subscribers on the BVN database and link it with their bank accounts within 180 days. The operator needs to ensure details of signers, directors or owners are linked in order for them to be able to access funds through different wallets (except Tier 1).

The CBN shall determine fees payable for accessing information from the BVN database. The fee structure and guidelines are included in this Framework, but it is important to note that every individual's circumstances may differ so there will be no blanket pricing model across all members of our community. It is also anticipated that some firms may have more data being requested than others which would result in different prices being paid per request depending on what you're looking at or how far back your searches go - just one way these negotiations get done! 

The Central Bank of Nigeria has announced that all BVN holders who are aggrieved may make formal requests to have their names taken off the watchlist. This will allow them to resume trading in Nigerian stocks without restrictions or delays, as well as avoid any future penalties if they stay compliant with regulations moving forward.

The Central Bank of Nigeria, in collaboration with the Bankers’ Committee has launched a centralised verification number system which will ensure Know Your Customer (KYC) principles and promote safety for all customers. The BVN provides each Nigerian banking industry participant a unique identifier code to make sure they are who they say they are when it comes time to do business on an official level or use other financial services offered by banks that require such identification before being allowed access into these systems.

The new measure was deployed February 2014 after many years spent trying unsuccessfully implementing similar procedures at different sites around town - but now everything is coming together under one roof!