CBN Extends BVN Registration For Diaspora Banks’ Customers

CBN Extends BVN Registration For Diaspora Banks’ Customers Central Bank of Nigeria

The Central Bank of Nigeria (CBN) has set a new deadline for the compliance of the Bank Verification Number (BVN) enrollment for Nigerian banks’ customers in the Diaspora to June 30, 2016.

The new extension by the Apex Bank came four days after the deadline for the enrollment elapsed.

The new deadline as stated by the CBN was contained on its website, on Wednesday, February 3, and it was addressed to all commercial banks.

The Apex Bank stated that it became necessary to extend the BVN registration date for Nigerians in the diaspora due to low responses from the affected banks’ customers.

Read excerpt: “You will recall that as part of efforts towards ensuring full implementation of the BVN project, the CBN issued a circular extending the deadline for the registration  and linkage of BVN to accounts of Nigerian banks’ customers in diaspora to January 31, 2016.

“The CBN has observed, through a recent survey, the low percentage of registration of Nigerian banks’ customers in diaspora, which may be attributed to lack of accessibility to registration centres and unavailability of registration centres centres in some cities where Nigerian population is high.

“Consequently, all deposit money banks are hereby requested to note that BVN enrollment for Nigerian banks’ in diaspora is hereby extended to 30th June, 2016. This is to enable such customers complete the enrollment and link the BVN to their bank accounts.”

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CBN Extends BVN Registration For Diaspora Banks’ Customers
Edwina Adekunle

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