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The Central Bank of Nigeria (CBN) has extended the deadline for the collection of Bank Verification Number (BVN) from June 30, 2015 to October 31, 2015.
A release from CBN’s Director, Banking and Payments System Department, ‘Dipo Fatokun, said it had become imperative for the bank to extend the timeline for all bank customers to have the BVN.
“It has come to our notice that the BVN registration has elicited tremendous interest from the Nigerian banks’ customers who crowded the banking halls to beat the deadline.
“Furthermore, there is the need to give Nigerian Banks’ customers in Diaspora ample time to enroll on the programme.”
It said the extension is expected to facilitate a smooth completion of the registration exercise.
Our reporter who went round Lagos metropolis saw mammoth crowd in last minute rush to beat the deadline in all the banks on Tuesday, June 30, 2015.
The CBN had directed that by June 30, 2015 all deposit money banks customers should have BVN and that any bank customer without the BVN attached to the account would be deemed to have inadequate requirement with respect to the Know Your Customer (KYC) guidelines.
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