The Central Bank of
Nigeria (CBN) has extended the deadline for the bank verification number (BVN)
registration to October 31, 2015. The bank said the
extension is meant to facilitate smooth completion of registration.
Dipo Fatokun, CBN’s
director for banking and payment system department, disclosed this in a
statement issued in Abuja on Tuesday. “It has come to our
notice that the BVN registration has elicited tremendous interest from the
Nigerian bank customers who crowded the banking halls in order to beat the
deadline,” the statement read. In view of the
foregoing, it has become imperative for the banks to extend the timeline for
all customers to have the BVN. The deadline for the
enrolment is hereby extended from June 30 to October 31.”
The statement added that
the extension would give Nigerian bank customers in the diaspora, enough time
to enroll into the programme, noting that the guideline for the enrolment of
diaspora account holders was being finalized and would be released soon. Before the extension of
the deadline, CBN had threatened that those who were yet to partake in the
exercise would be denied access to banking services from July 1.
The exercise started in
February 2014 and was initially meant to close on June 30, prompting customers
across the nation to besiege banks in the last few days. The process entails
capturing the data of customers in order to generate unique numbers for
proper identification.
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