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CBN says BVN registration continues


Contrary to the deadline date of 31 October, 2015 for the registration of Bank Verification Number for customers, the exercise will continue, perhaps, indefinitely, CBN has said.
The Central Bank of Nigeria (CBN) in conjunction with Nigerian Inter-bank Settlement System made the statement and added that the deadline only means that any customer who has failed to get the BVN will not be able to carry out some bank transactions unless he/she do the needful.

CBN spokesperson, Ibrahim Mu’azu while speaking with reporters yesterday made it clear that as from Monday, November 2, such customer will be restrained. Nevertheless, Mu’azu reckoned that there was success with the deadline issued as majority of the banks have captured the BVN of the active accounts except for those customers that choose not to participate in the process.
He said: “Deadline was successful because the awareness has been created to millions of customers and the banking hall were empty unlike the June deadline where there were chaos everywhere in the banking halls”

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