CBN extends BVN deadline for Diaspora customers

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The Central Bank of Nigeria (CBN) yesterday 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 enrolment 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 CBN chief also said the regulator will deploy more registration centres for locations with high Nigerian population. He urged Nigeria banks’ customers in Diaspora to seize the opportunity of this extension to register and link their BVN to their bank accounts.

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