Quote from Ndubuisi Ekekwe on February 3, 2022, 8:03 PM

This is a huge data point: about 59 million bank accounts are not linked to BVNs. That is a major concern. I expect some of those accounts to belong to dead bank customers and possibly the deposits are gone.

Data from the Nigeria Inter-Bank Settlement System Plc (NIBSS) shows that the total BVN count as at January 16th 2022 has reached 52.1 million. Compared to the 111.5 million number of bank accounts as of May 2020, the figure shows that more than 59 million accounts remain unverified in Nigeria.