Customers expecting the Central Bank of Nigeria
(CBN) to extend the deadline for the Bank
Verification Number (BVN) exercise may be
disappointed as CBN has ruled out the possibility.
Leadership reports that Ibrahim Mu’azu,
director,corporate communications, CBN, confirmed
that the deadline for registration is tomorrow,
Tuesday, June 30, 2015.
He explained further that bank customers were
given adequate time and that the bank expected they
should have taken advantage of the period scheduled
for the exercise to register.
Contrary to the speculation that customers who do
not have BVN will be prevented from making
transactions, such as payments and withdrawals,
Mu’azu said only customers using remote access
services: internet banking,Automated Teller Machines
(ATMs) and other on-line services would not be able
to transact.
He also confirmed that over 14 million bank
customers have already registered.
For Nigerians in diaspora to participate in the
exercise, CBN has also directed banks to provide
online platforms for those who have local accounts to
register.
