Following several appeals by Nigerians, the Central
Bank of Nigeria (CBN) has extended the deadline for
the registration for Bank Verification Number (BVN)
to Oct. 31.
Pye has gathered that the decision also
followed the uncontrolled crowd at the different
branches of Nigerian banks that has made business
transactions almost impossible.
CBN Director, Banking and Payment System
Department, Mr Dipo Fatokun, while disclosing this in
a circular issued today in Abuja said, “It has come
to our notice that the BVN registration has elicited
tremendous interest from the Nigerian bank
customers who crowded the banking halls in order
to beat the deadline.
“In view of the foregoing, it has become imperative
for the banks to extend the timeline for all
customers to have the BVN.
“The deadline for the enrollment is hereby extended
from June 30 to Oct. 31,’’ Fatokun stated.
However, the extension is expected to facilitate a
smooth completion of the registration exercise and
as well give Nigerian bank customers in the
Diaspora, ample time to register.