Bank Verification Number
TVC E, BUSINESS – Bank customers who have not carried out their Bank Verification number now have up till June 30 this year to do so.
This followed the Central Bank of Nigeria’s (CBN) decision to extended the deadline for Bank Verification Number (BVN) registration from January 31 to June 30, 2016.
CBN Director, Banking and Payments System Department, ‘Dipo Fatokun, said the extension followed observations by the CBN showing the low percentage of registration of Nigeria banks’ customers in Diaspora.
The BVN registration involves capturing of customers’ physiological or behavioral attributes – fingerprint, signature among others has commenced in some banks’ headquarters and branches across the country.
He said this may be attributed to lack of accessibility to registration centres and unavailability of registration centres in some cities where Nigerian population is high.
“Consequently, all the commercial banks are hereby requested to note that BVN enrollment for Nigerian banks customers in Diaspora is hereby extended to June 30, 2016. This is to enable such customers complete the enrollment and link the BVN to their banks accounts,” he said in a statement.
The BVN registration for Nigerian bank customers ended last October. Fatokun explained that where an existing customer wishes to register the BVN with his/her bank, capturing his signature and photo identification document may not be necessary, as the bank is expected to have those records during account opening.
