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Bank Verification Number. The Bank Verification Number commonly called BVN is a biometric identification system implemented by the Central Bank of Nigeria to curb or reduce illegal banking transactions in Nigeria. [1] It is a modern security measure in line with the Central Bank of Nigeria Act 1958 to reduce fraud in the banking system. [2]
Federal Inland Revenue Service (FIRS) was created in 1943. Prior to that time, its functions had been performed by the Inland Revenue Department of British West Africa. [2] The Board of Inland Revenue was created in 1958, and the service gained autonomy with the passing of the FIRS (Establishment) Act 13 of 2007. [3]
TIN PH 12 digit number (E.g. 123 456 789 002), of which the first digit identifies type of taxpayer (0 for corporations, 1-9 for individuals and other businesses), second to eighth digits are sequential numbers between 0 and 9, ninth digit is a check number, last three digits are 000 for individuals and head office of businesses and 001-999 for ...
Budget Office of the Federation (BOF) [24] Bureau of Public Procurement (BPP) [25] Central Bank of Nigeria (CBN) [26] Corporate Affairs Commission (CAC) [27] Debt Management Office (DMO) [28] Federal Inland Revenue Service (FIRS) [29] Federal Mortgage Bank of Nigeria (FMBN) [30] Fiscal Responsibility Commission (FRC) - defunct[3]
The identification number has 8-digit standard format: NNNNNNN (N), where N is a numeric digit 0–9. The first numeric digit N has special meaning, and it can be one of the following digits: '1', '5' or '7'. '1': The first-time date of issuance of ID card to the bearer was 1992 or later.
A Taxpayer Identification Number (TIN) is an identifying number used for tax purposes in the United States and in other countries under the Common Reporting Standard. In the United States it is also known as a Tax Identification Number (TIN) or Federal Taxpayer Identification Number (FTIN). A TIN may be assigned by the Social Security ...
The Nigerian Ports Authority (NPA) is a federal government agency that governs and operates the ports of Nigeria. The major ports controlled by the NPA include: the Lagos Port Complex and Tin Can Island Port in Lagos; Calabar Port, Delta Port, Rivers Port at Port Harcourt, and Onne Port. Operations of the NPA are carried out in affiliation with ...
National Identity Management Commission (NIMC) is a statutory Nigerian organization that operates the country's national identity management systems. It was established by the NIMC Act No. 23 of 2007 to create, operate and manage Nigeria's national identity card database, integrate the existing identity database in government institutions, register individuals and legal residents, assign a ...