Relief as Central Bank Extends BVN Registration Deadline
LAGOS JUNE 30TH (URHOBOTODAY)-Bank customers who have not registered their Bank Verification Number (BVN) sigh heave of relief when the Central Bank of Nigeria (CBN) announced extension of the deadline to Oct. 31, to accommodate customers who had thronged the banks to beat an earlier closing date.
The pronouncement was contained in a circular issued by the apex bank and signed by Mr Dipo Fatokun, Director, Banking and Payment System Department, 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.
“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,” it stated.
According to the statement, the extension is expected to facilitate a smooth completion of the registration exercise.
It further stated that the extension would give Nigerian bank customers in the Diaspora, ample time to enrol into the programme.
The statement, however, stated that the guideline for the enrolment of the Diaspora account holders was being finalised and would be released soon.
NAN recalls that Mr Phillip Oduzua, Managing Director, United Bank for Africa at the end of the Bankers Committee meeting on June 2, said about 1.5 million bank customers had enrolled.
He said that customers who failed to register might not enjoy credit facilities, foreign exchange services and internet banking, among others.
