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.
Godwin Emefiele,CBN Governor
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.
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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.
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Deadline Nears
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.
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