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CBN Extends BVN Registration For Diaspora Customers

BVN

The Central Bank of Nigeria (CBN) has announced the extension of registration for the Bank Verification Numbers (BVN) for Nigerian customers living abroad.

In a circular released on Tuesday by the Director, Banking and Payment System of CBN, Mr Dipo Fatokun, the apex bank advised all bank customers in the diaspora to ensure that they have attached their BVN to their accounts from January 1, 2017.

CBN said it extended the deadline so as to give enough time for such category of customers to get the BVN.

Mr Fatokun said in the circular that customers living abroad now have from August 1 to December 31, 2016 to register to obtain the BVN.

The CBN explained that, “A survey at the end of January 2016, revealed a very low percentage of registration and the exercise was further extended to 30th June 2016.

The Bank observed the need to expand the geographical spread of registration centres, therefore, a new consultant, Avante International Technology Incorporated, was engaged to join OIS and VFS in the registration of Nigerian bank customers in diaspora.

“The combined efforts of the consultants and some Nigerian banks abroad have greatly accelerated the enrolment of this category of bank customers.

“Consequently, to ensure that all Nigerian bank customers in diaspora are enrolled, the BVN enrolment for bank customers in diaspora is hereby reopened for the next five months.”

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan.

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