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Monday, June 29, 2015

BVN Registration Closes Tomorrow As CBN Rules Out Extension

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The Central Bank of Nigeria (CBN) has ruled out the possibility of an extension of the deadline for customers to register for the Bank Verification Number (BVN) which closes tomorrow, Tuesday, June 30, 2015.

The director, Corporate Communications, CBN, Ibrahim Mu’azu, who spoke to LEADERSHIP on telephone, yesterday, said that the window was open for one and a half years and customers had ample opportunity to register.


According to him, as at the last check over 14 million bank customers have already registered.

Mu’azu assured that not having the BVN will not prevent bank customers from making transactions, such as payments and withdrawals, on their accounts. However, he said that customers using remote access services, such as internet banking and other services online, and even Automated Teller Machines (ATMs), would not be able to transact business.

Meanwhile, the apex bank also directed banks to provide online platforms for Nigerians in diaspora to register. Although the registration closes tomorrow, many customers are still unaware of the BVN or its benefits, especially Nigerians living outside the country but who have accounts with local banks.

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