The
Central Bank of Nigeria (CBN) has said it will not be extending today’s
deadline for the registration of bank verification number (BVN).
According
to the director, Corporate Communications, CBN, Ibrahim Mu’azu, the window was
open for one and a half years and customers had ample opportunity to register.
He said more than 14 million bank customers have already registered.
Mu’azu
told Leadership Newspapers 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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